What is a franchise royalty?

Monthly/quarterly fee associated with running a franchise

Which type of business might require a large amount of capital to start up?

Franchise, Corporation, Sole Proprietorship, Partnership

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Forms of Business Ownership

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Questions 12

Answers

1
What is the most common form of business ownership in the US?
Corporation
Sole Proprietorship
none of these
Partnership
2
The amount of money you have to pay up front that allows you to "run" an established company...
Franchise fee
Franchise royalty
franchise
franchisor
3
In this type of business the owner has little say in things such as menu, hours, and prices.
Sole Proprietorship
Franchise
Partnership
Corporation
4
What are these companies an example of?
Partnerships
Sole Proprietorships
none of these
Franchises
5
Which type of business has the greatest amount of revenue?
Sole Proprietorship
Corporation
Partnership
6
What is a franchise royalty?
Initial fee associated with opening a franchise
Total fees associated with opening a franchise
Monthly/quarterly fee associated with running a franchise
An extra amount of money the manager gets as a bonus
7
What type of business sells stock to the public?
Partnership
Sole Proprietorship
none of these
Corporation
8
Which form of business ownership has the most risk?
Sole Proprietorship
Partnership
Corporation
9
Which is an advantage to owning a partnership?
Unlimited Life
More money needed to start up
Combined managerial skills
Possible conflicts between partners
10
Which one of the following is NOT an advantage of a corporation?
professional management
size of business
easier to raise funds
double taxation
11
Which type of business might require a large amount of capital to start up?
Franchise
Corporation
Sole Proprietorship
Partnership
12
Every partnership MUST have at least one of these
good looking partner
invested partner
limited partner
general (active) partner

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