a royalty and initial fee for the right to own a business under the name of a recognized company
What is franchisee fee
100
Because the ______ accepts all risks, the _______ accepts all profit (one word)
What is owner
100
Each _____ can be held accountable for the other _____'s actions
What is partner
100
Registered or Chartered by a state and is owned by stockholders.
What is Corporation?
100
The money that is necessary to run a business.
What is Capital?
200
One of the fastest growing franchise areas in our economy
What is restaurant business
200
Because there is only one person owning the business, there isn't a _____ to share the risks with
What is partner
200
Every partnership must have at least one _____ _____, who will have unlimited personal liability and full responsibilty for the management of the business
What is general partnership
200
You recieve a vast amount of financial resources and support.
What is the advantage of working for a corporation?
200
money, real estate, equipment, and tools or goods used to produce goods or services.
What is the term capital include?
300
Owns and independently operates the business within specific guidelines established by the franchisor
What is franchisee
300
Running a business solo
What is Sole Proprietorship
300
When two or more people own a business and share the risks
What is partnership
300
Any liabilities or operational challenges.
What is under the control of corporate management?
300
depends on the type of bussiness, the location, and type of ownership.
What is the amount of money it takes to run a successful business?
400
lends to the trademark, the trade name, and often the business system to the franchisee
What is the franchisor
400
Owning and operating ones own business
What is Sole Proprietorship
400
The advantages of a _________ are that it is easy to set up and the partners have full control
What is partnership
400
Experts in marketing, operations, human resources, planning and financing.
What is management personnels experts in?
400
Banks and commercial finance companies.
What is sources of debt capital?
500
a legal agreement to operate a business under the name of an already established business trade name
What is franchise
500
A Sole Proprietor accepts all legal and _____ responsibilites involved in owning a business
What is financial
500
Whose liability is limited to their investment
What is limited partners
500
must have Board of directors, who elect a chief executive officer and a chief financial officer.
What is the requirements for a corporation?
500
certain amount of money available for the company to use, as it needs to, but then pays back on a regulary basis.