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10 questions
Capital is wealth in the form of money or property.
False
True
Physical location of the business is a factor which should influence the type of ownership chosen.
False
True
Which of the following forms boards to act as governing bodies and is the most complicated form of business?
Corporation
Partnership
Sole proprietorship
Franchise
Patents are issued by state governments.
True
False
___________ are words, symbols, names or devices used to specify goods and differentiate one good from others.
Copyrights
Patents
Licenses
Trademarks
Which of the following is owned and operated by one individual?
Franchise
Corportation
Sole proprietorship
Partneship
Which of the following is the right or license to sell a company’s product or service at a designated location?
Partnership
Franchise
Sole proprietorship
Corporation
A _________ is a legal agreement between two or more people and is the least common form of business.
Franchise
Partnership
Sole proprietorship
Corporation
Which of the following is NOT a financing option suggested in the presentation?
Investors
Loans
Small Business Administration
Sale of assets
Angel investors are wealthy individuals who seek high returns through private investments.
False
True
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