ETH-321T Week 2 Apply Assignment Questions with Verified Answers (Rated A+)
Sandy works for RigorMart. She supervises regional managers and directs them based on orders from the board of directors. Sandy's position also entitles her to stock ownership in the company. What is Sandy's position in ...
Sandy works for RigorMart. She supervises regional managers and directs them based on orders from
the board of directors. Sandy's position also entitles her to stock ownership in the company. What is
Sandy's position in the company? - Answers EXECUTIVE & SHAREHOLDER
Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want
to be involved in management. She wants to form a business in the quickest way possible under her
circumstances. Which form of business would be best for Rita? - Answers LIMITED PARTNERSHIP
Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its
product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later
Noodleoo goes bankrupt. Which is most likely true of this situation? - Answers If Noodleoo was not
transparent with its financial data, it has broken the Franchise Rule.
Cadence works for WilderCorp. She meets with a team to make all-encompassing decisions concerning
the direction of the business. She also personally supervises managers and conducts training for
supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence's position in
the company? - Answers MORE THAN ONE OPTION
Lily wants to build a business. She has very little capital. She does, however, have a partner with which
she could run a business. Lily wants to be able to avoid being held personally liable for any problems the
business has. Which of the following would lead Lily to choose a sole proprietorship organization for her
business?- - Answers LITTLE CAPITAL
What is the appropriate description for a plant-processing franchise? - Answers A franchisee focuses on
making a franchisor's product using the franchisor's manufacturing method or recipe.
Koffman Corporation is trying to raise capital. What method would be the least risky to raise capital if it
has a less-than-favorable credit rating? - Answers Stock issuance, since a credit rating won't negatively
affect Koffman's ability to sell stock.
Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal's business
would be considered a(n) __________ corporation - Answers alien
Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract with
a customer for a project one day while Miranda is absent and leaves on vacation the next day. Miranda
does not feel she has the time to perform the contract for the customer. Which of the following is true?
- Answers Miranda is obligated to perform the contract.
Mario and Johnny want to start a business. They have very little capital. They are new partners and
largely unfamiliar with each other's management practices. They are happy, however, to be organizing a
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