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Micro Test 5 - Review Flashcards | StudBud
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Micro Test 5 - Review
Micro Test 5 - Review
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Review for Test 5
Flashcards
10 cards
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Questions
10
Answers
1
A dividend is the amount owed to others.
False
True
2
A _____ is a weekly or monthly payment made by the owner of a franchise
royalty fee
franchise fee
royalty tax
initial fee
3
What is a legal agreement that gives an individual the right to market a company's product ?
franchise opportunity
free use of trade
right of passage
franchise
4
What are profits paid to shareholders known as
franchise payouts
none of these
dividends
stock payments
5
A franchisee is the person who purchases a franchise agreement
True
False
6
The US Economy is primarily dominated by
small businesses
corporations
partnership businesses
family businesses
7
A person who sells businesses for a living is known as a
financial broker
financial advisor
business broker
entrepreneur
8
What is a business that is owned by two or more people?
sole proprietorship
partnership
small business
corporation
9
A share of stock is a unit of ownership in a corporation.
True
False
10
Many businesses are for sale because they are not making money!!!
False
True
