1 An Internet search for information about franchise businesses will not help you find out A. start-up costs.
B. the number of hours you'll have to put in.
C. support you'll receive from the parent corporation.
D. the variety of franchise businesses available.

2 All of the following phrases describe a partnership except

A. high protection for your personal assets.
B. shared responsibility for decisions.
C. the involvement of up to 20 partners.
D. low start-up costs.

3 Once you've chosen your business and focused on your niche, the next step is to

A. research the amount of capital you'll need.
B. research the best location for your shop.
C. write your business plan.
D. establish a Web presence.

4 Which one of the following types of businesses has the least amount of personal liability?

A. Sole proprietorship
B. Corporation
C. Close corporation
D. Partnership

5 If teamwork and support are high on your priority list, a _______ may be a poor choice for a business.

A. sole proprietorship.
B. corporation.
C. partnership.
D. close corporation.

6 Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery; that's why they've established their business as a

A. company.
B. proprietorship.
C. partnership.
D. close corporation.

7 Ultimately, to be successful, a business must

A. make a profit.
B. provide a service.
C. fulfill a commercial need.
D. make you happy.

8 The overwhelming majority of existing businesses are

A. close corporations.
B. partnerships.
C. corporations.
D. sole proprietorships.

9 One of the disadvantages of a sole proprietorship is

A. large claims on profits.
B. high start-up costs.
C. danger to your personal assets.
D. lack of control for you.

10 Suzanne, who started a new restaurant, set up her business as a _______ in order to keep her personal and business finances legally separate.

A. company
B. close corporation
C. partnership
D. sole proprietorship


NEED HELPP i passed all my classes except this class and i'm retaking business for a 3rd time pleaseeeeee help

Answers

Answer 1
Answer:

1) D. the variety of franchise businesses available.

Conducting this general search would give you a general information regarding the franchise location and the price to obtain the franchise to use for a specific period of time. But, the number of hours, the start up cost, and support from parent corporation would not be known until you operate and manage  the franchise yourself.

2) A  . high protection for your personal assets

In case a partnerships went bankrupt and the firm unable to pay all of its liabilities using the firm's assets, the remaining amount must be paid by the partners using their own money. Because of this, we can infer that partnerships do not provide protection for your personal assets.

3) . A. research the amount of capital you'll need.

The amount of capital should include all things that need to be exist until your business is ready to operate. This cover things such as your building rent, the salary for your workers, the amount of materials needed for your product, expense occurs for business permit, etc.

4) B. Corporation

Unlike any other type of businesses, shareholders of a corporation do not have to pay with their personal money in case the corporation is bankrupt and unable to pay for its liabilities. One downside of this is that they are required to be audited by public auditor each years.

5) A. Sole proprietorship

A sole proprietorship is funded using one person's money, and all ownership and profit would belong to that one funder. This type of business tend to be really small, and you would not have any partners that can help you to formulate management plan. Sole proprietorship tend to be suitable for someone who likes to work alone or minimal amount of team.

6) D. Close corporation

Close corporations  had the protection of personal assets like large corporations, but the amount of shareholders that can exist usually only limited to a small number of people. Close corporation would not be able to pull large number of capital from the public like normal corporations do.

7) A. Make a profit

A profit refers to the difference between the money that you obtain from business operation compared to the expense. Profit not only enable business to sustain its operation to next period, but it also act as some sort of drive for the owners to keep putting their hours into the business.

8) D. Sole proprietorship

Even though sole proprietorship cannot pull the amount of capital like other type of business, it's by far the easiest to be established due to its low requirement. Currently, more than 70% of existing businesses are sole proprietorship, 13% of them are small corporations, 8% of them are partnerships, and 5% of them are corporations, and the rest are other type of businesses.

9) C. Danger to your personal assets

Sole proprietorship is created using only one person's capital. This mean when the business goes bankrupt and cannot pay for its liabilities, you as the sole owners of the business had to sell your personal assets to cover for the rest of liabilities. This is why it's considered to be dangerous for your personal assets.

10) B. Close corporation

Owners of close corporation are not required to sell their assets to cover business liabilities in case their businesses goes bankrupt. This form of business is suitable for those who want to protect their financial assets, but their businesses is small and the number of its shareholders are limited to small number, like a restaurant.



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Which of the following accurately describes savings accounts ? A. they learn compound interest.
B. they provide greater returns on investment that investment portfolios.
C. they are riskier than investment portfolios.
D. there are penalties for early withdrawal.

Answers

Answer:

D. there are penalties for early withdrawal.

Explanation:

The savings account is one of the safest applications, but the profitability is very low and the interest applied is simple interest. The savings income is calculated once a month on the smallest balance in the account. This penalizes withdrawals. For example, if your account had $ 1000 for 29 days, but on the 30th day you took $ 500, interest every month will be calculated at $ 500, not the pro-rated amount.

the answer is c.) because it is talking about savings account s

John is a stockbroker. He has had several job offers, but he has turned them down because he thinks he can find a firm that better matches his tastes and skills. Curtis has looked for work as an accountant for some time. While the demand for accountants doesn't appear to be falling, there seems to be more people applying than jobs available:_________a. John and Curtis are both frictionally unemployed.
b. John and Curtis are both structurally unemployed.
c. John is frictionally unemployed, and Curtis is structurally unemployed.
d. John is structurally unemployed, and Curtis is frictionally unemployed.

Answers

Answer: John is frictionally unemployed, and Curtis is structurally unemployed.

Explanation:

John is frictionally unemployed because he is in the process of moving from one job to another and there is a high possibility he would secure his desired job, while Curtis is structurally unemployed because of the general unavailability of accounting jobs.

A lender may view a large down payment from a borrower to be aA. reason to increase interest rates
B. reduction of risk
C. shady business transaction
D. signal of future default

Answers

A lender may view a large down payment from a borrow to be a reduction of risk. If a person has a large down payment, it shows they are good with saving money. The correct answer is B. 

The total amount, including the sales tax and the shipping fee, that Steve paid for the game was $120. What was the shipping fee, in dollars? Show or explain how you got your answer.

Answers

Answer:

Explanation:

To find the shipping fee in dollars, we can set up an equation using the total amount Steve paid, which was $120.

Let S be the cost of the game, T be the sales tax, and F be the shipping fee. We know that:

S + T + F = $120

Now, you mentioned that the sales tax was $20, so we can substitute T with 20:

S + 20 + F = $120

Now, we want to isolate F, the shipping fee. To do that, we'll first subtract 20 from both sides of the equation:

S + F = $120 - 20

S + F = $100

Now, we have the equation in terms of S and F. Since we don't know the cost of the game (S), we can't find F directly. You'll need to provide the cost of the game (S) to find the exact shipping fee (F). If you have the cost of the game (S), you can plug it into the equation to calculate the shipping fee (F).

The 529 plan is a type of ____ plana. grant
b. scholarship
c. tuition savings
d. financial aid

Answers

The answer is C, Tuition Savings. Hope this helps.
The answer is C. Tuition Saving

Suchta buys a motorcycle for $7810 and spends $1095 on its repairs. If she sells the scooter for $10,505, what is her gain percent?

Answers

Explanation:

To calculate Suchta's gain percentage from selling her motorcycle, you can use the following formula:

Gain Percentage

=

Selling Price

Total Cost

Total Cost

×

100

Gain Percentage=

Total Cost

Selling Price−Total Cost

×100

Where:

Selling Price is the price at which she sold the motorcycle.

Total Cost is the sum of the purchase price and repair cost.

Let's plug in the values:

Selling Price = $10,505

Total Cost = $7,810 (purchase price) + $1,095 (repair cost) = $8,905

Now, calculate the gain percentage:

Gain Percentage

=

10

,

505

8

,

905

8

,

905

×

100

=

1

,

600

8

,

905

×

100

17.98

%

Gain Percentage=

8,905

10,505−8,905

×100=

8,905

1,600

×100≈17.98%

Suchta's gain percentage from selling her motorcycle is approximately 17.98%.