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Q 1/44
Score 0
What kind of business is BEST described by these statements? I am the only owner of my business, I take all the risks of doing business, I keep all the profits.
30
Proprietorship
Partnership
Cooperative
Corporation
Q 2/44
Score 0
When entering into a franchise agreement, what is already established?
30
Business name
Location of the business
Employees
Organisational culture of the business
44 questions
Q.
What kind of business is BEST described by these statements? I am the only owner of my business, I take all the risks of doing business, I keep all the profits.
1
30 sec
Q.
When entering into a franchise agreement, what is already established?
2
30 sec
Q.
An entrepreneur -
3
30 sec
Q.
Easy to start, owner is his/her own boss, owner keeps all the profits - These are advantages of what type of business
4
30 sec
Q.
The main disadvantage of a general partnership is
5
30 sec
Q.
Who provides all marketing materials for the other party including branding, packaging and signage
6
30 sec
Q.
Which pathway option allows you to own a business, under the guidance and licensing of a large business's head office?
7
30 sec
Q.
In a corporation, owners share profit, but liability is limited to -
8
30 sec
Q.
Which party needs to undertake training and coordinate staffing needs of the business?
9
30 sec
Q.
Floral Shops, Bookstores, Farms are examples of what type business
10
30 sec
Q.
The major advantage of a franchise is:
11
30 sec
Q.
What is a disadvantage of partnerships?
12
30 sec
Q.
A ___________ is a business with two or more owners:
13
30 sec
Q.
Choose the best description of a sole proprietorship.
14
30 sec
Q.
Which is a franchisor?
15
30 sec
Q.
In which type of organization does one person take all the risks?
16
30 sec
Q.
Which party needs to seek professional legal, accounting and business advice prior entering into the agreement?
17
30 sec
Q.
What type of business consists of two or more people?
18
30 sec
Q.
Which of the following is an advantage of a sole proprietorship?
19
30 sec
Q.
Monthly payments made by the franchisee to the franchisor is known as
20
30 sec
Q.
What is a franchise?
21
30 sec
Q.
What does PLC stand for?
22
30 sec
Q.
Which other document, other than the Articles of Association and the Memorandum of Association, is required when forming a company?
23
30 sec
Q.
Which ownership type has unlimited liability (owner has full responsibility for company's debt and can lose entire investment as well as personal assets).
24
30 sec
Q.
Which are the disadvantages of a partnership?
25
30 sec
Q.
A form of business organization with two or more owners who share the risks and the profits -
26
30 sec
Q.
Disadvantages of this type of business include: parent company is strict, you are limited in what you sell, and you must operate like every other franchise.
27
30 sec
Q.
A form of business organization with one owner who takes all the risks and all the profit is called -
28
30 sec
Q.
Sole Traders have
29
30 sec
Q.
Which documents includes the goals and Objectives of the company as well as the purpose, duties and responsibilities of its members
30
30 sec
Q.
Which is the fee paid from franchisee to franchisor based on percentage of sales?
31
30 sec
Q.
Which documents includes the members or shareholders attributions towards the company?
32
30 sec
Q.
Sole Traders, Partnerships and Private Limited Companies are in which sector of the Economy?
33
30 sec
Q.
Law firms, medical practices, and auto body repair shops are examples of what type of ownership
34
30 sec
Q.
McDonald's and Burger King are examples of....
35
30 sec
Q.
Which is not a major advantage of franchising for a franchisor
36
30 sec
Q.
A legal agreement that gives an individual the right to market a company’s products or services in a particular area.
37
30 sec
Q.
How many People can be in a Partnership?
38
30 sec
Q.
The simplest form of business ownership is a:
39
30 sec
Q.
What are somethings required for the formation of a public limited company?
40
30 sec
Q.
Law firms and doctor's offices are examples of.....
41
30 sec
Q.
Shareholders receive a share of the profits a LTD makes called a
42
30 sec
Q.
What are the main managers/owners of a public limited company called?
