Ownership inc. franchises
Authored by Matthew Lawrence
Other
10th - 12th Grade
Used 14+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is a franchisor?
Starts a business
Takes over a business
Buys into an existing brand
Allows others to use their brand name
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is a franchisee?
Starts a business
Takes over a business
Buys into an existing brand
Allows others to use their brand name
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a royalty?
A business award by the queen
A type of business
A payment to a franchisor
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is true of a private limited company?
It must be started by one person
It must sell shares to family and friends
The owner chooses who to sell shares to
Anyone can buy a share of the business
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An incorporated business has what type of liability?
Limited
Unlimited
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of a partnership?
You have full control
You have more ideas
You can get finance easily
You can choose your shareholders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of a sole trader?
You have full control
You have more ideas
You can get finance easily
You can choose your shareholders
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