Business Structures — Quiz Answers

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Entrepreneurs who want to open a franchise

buys the rights from the parent company and creates his or her own rules.

invest in a location and create a business model for the franchise.

buy the rights from the parent company and invest in a location approved by the parent company.

invest in a location and develop a trademark for the franchise.

How do corporations raise money and resources to expand?

They request a bank loan.

They increase franchise fees.

They cash in dividends.

They agree to sell stocks.

Franchises are attractive to business owners because

they come with very little risk.

they are typically inexpensive to buy.

they have a proven business model.

they get to keep all profits.

Franchises are attractive to business owners because

they are typically inexpensive to buy.

they come with very little risk.

they have a proven business model.

they get to keep all profits.

Cooperatives save members money by

securing financing from banks as a group.

sharing all profits democratically as a group.

charging more to sell their products as a group.

purchasing supplies and services as a group.

How do corporations raise money and resources to expand?

They cash in dividends.

They request a bank loan.

They increase franchise fees.

They agree to sell stocks.

Which document determines the number of shares in a company?

a stock prospectus

an annual report

an annual bill of rights

a corporate charter

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