What is an advantage of a Franchise Business?

Expertise of the parent company

What is a Franchise business?

An agreement between a parent company

What is an advantage of a owning a corporation?

Business continues when owners sales stocks

What is a multi-corporation?

Facilities are in other countries

What is a disadvantage of a Franchise business?

Is limited in products and services to sell

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Exploring Business and Entrepreneurship: Types of Businesses Unit 1.02 7th Grade

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Types of Businesses

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Questions 17

Answers

1
What is an example of a business corporation?
Law Firms
IBM
Farms
Tom and Ray's Auto Shop
2
What is an advantage of a partnership business?
His or her own boss
Limited liability
Partners share the risks
Owner keeps all profits
3
What is an example of a Franchise business?
Farms
McDonald's
Bookstores
Law Firms
4
What is an advantage of a Franchise Business?
Partners share the risks
Make money by selling stocks
Expertise of the parent company
Owner is his or her own boss
5
What is an example of a sole proprietorship?
Wal-Mart
Eckerds
McDonalds
Bookstore
6
What is an advantage of a sole proprietorship?
Get help from parent company
Difficult to start
Easy to start
Parners share skills
7
What is a Franchise business?
A business owned by two people
A business owned by three people
A business
An agreement between a parent company
8
What is an advantage of a owning a corporation?
Business continues when owners sales stocks
Contractual agreement
Owned by two or more people
Easy to start
9
What is an example of partnership businesses?
Google
Floral Shop
Medical practices
Nike
10
What is a disadvantage of a sole proprietorship business?
Limited liability
Partners share different skills
Owner must pay for everything
Rely on parent company
11
What is a multi-corporation?
Facilities are in other countries
Resides in only three places
Resides in one place
Resides in the same area
12
What is an example of a multi-corporation?
Coca-Cola
Law Firms
Bookstores
Farms
13
What is a sole proprietorship?
Owned by one person
Owned by three people
Owned by two people
Owned by four people
14
What is a disadvantage of a partnership business?
Owner pays for everything
Must operate like other companies
Limited in products
Parners must share the profits
15
What is a disadvantage of a Franchise business?
Is limited in products and services to sell
Parnters might not get along
Owner lack business skills
Government closely regulates
16
What is a corporation?
Owned by two or more people
Owned by four people
Owned by many people
Owned by one person
17
What is a partnership/
Owned by many people
Owned by one person
Owned by two or more people
Owned by a corporation

Exploring Business and Entrepreneurship: Types of Businesses Unit 1.02 7th Grade Flashcards | StudBud