Business Structures

Question 1

An entrepreneur who opens a franchise must

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assume debts.

Question 2

feestaxesinsuranceinterest

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taxes

Question 3

Entrepreneurs who want to open a franchise

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

Question 4

Which are examples of sole proprietorships? Check all that apply.lawyers working for a corporationdoctors in a partnershipindependent workersfranchise restaurants in a partnershiptax preparer working his own businessfreelance writers

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independent workers; tax preparer working his own business; freelance writers

Question 5

Cooperatives save members money by

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purchasing supplies and services as a group.

Question 6

The most common business organizations in the United States are

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sole proprietorships.

Question 7

Franchises are attractive to business owners because

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they have a proven business model.

Question 8

What happens to earnings in a cooperative?

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They are shared with member owners.

Question 9

Which best describes the difference between sole proprietorships and partnerships?

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Sole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities.

Question 10

How do corporations raise money and resources to expand? Select THREE answers.They request a bank loan.They raise franchise fees.They cash in dividends.They agree to sell stocks.They issue bonds.

Revolt · Accepted Answer

They request a bank loan.; They agree to sell stocks.; They issue bonds.

Business Structures Answers

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