Distributorship franchise - Study guides, Class notes & Summaries

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

1. What are the two categories of government regulations that pertain to businesses? a). General government regulations & specific government regulations b). Statutory law regulations & common law regulations c). Civil government regulations & criminal government regulations d). Public law regulations & private law regulations 2. In a survey of the nonattainment areas in the state, the agency found Helmont to be the district that exceeded the ozone standard by t...

Legal Aspects - Final Exam Ch (20, 21, 22) (15, 16, 17) (18, 25) (23, 24) (26,27), Updated 2024. Agent Is a person who acts on behalf of someone else for a specific purpose Example: A lawyer acting as an agent represents a client in court, making legal decisions and taking actions on the client's behalf, such as presenting arguments and negotiating settlements. Principal Is a person whom an agent represents for a specific purpose Example: When a person hires a real estate agent to s...

What are the two categories of government regulations that pertain to businesses? General government regulations & specific government regulations Statutory law regulations & common law regulations Civil government regulations & criminal government regulations d). Public law regulations & private law regulations In a survey of the nonattainment areas in the state, the agency found Helmont to be the district that exceeded the ozone standard by the largest margin. Helmont is most likely to b...

LAW 531 FINAL EXAM 2 1. What are the two categories of government regulations that pertain to businesses? a). General government regulations & specific government regulations b). Statutory law regulations & common law regulations c). Civil government regulations & criminal government regulations d). Public law regulations & private law regulations 2. In a survey of the nonattainment areas in the state, the agency found Helmont to be the district that exceeded the ozone standard by the...

Legal Aspects - Final Exam Ch (20, 21, 22) (15, 16, 17) (18, 25) (23, 24) (26,27), Updated 2024. Agent Is a person who acts on behalf of someone else for a specific purpose Example: A lawyer acting as an agent represents a client in court, making legal decisions and taking actions on the client's behalf, such as presenting arguments and negotiating settlements. Principal Is a person whom an agent represents for a specific purpose Example: When a person hires a real estate agent to s...

BUSINESS ENTITIES (EXAM 1)-QUESTIONS AND ANSWERS GRADED A+ SOLE PROPIERTORSHIP - ANSWER-... ownership - ANSWER-sole proprietor owns everything creation/maintence - ANSWER-easiest to create tax - ANSWER-pass-thru, not taxed as an entity liability - ANSWER-100% personal libability control/management - ANSWER-SP, can have employees attractive to investors? - ANSWER-no, you can quit tomorrow termination - ANSWER-easy to quit advantages - ANSWER-full control no corporate t...

LAW 531 FINAL EXAM 2 1. What are the two categories of government regulations that pertain to businesses? a). General government regulations & specific government regulations b). Statutory law regulations & common law regulations c). Civil government regulations & criminal government regulations d). Public law regulations & private law regulations 2. In a survey of the nonattainment areas in the state, the agency found Helmont to be the district that exceeded the ozone standard by the...

LAW 531 FINAL EXAM 2 1. What are the two categories of government regulations that pertain to businesses? a). General government regulations & specific government regulations b). Statutory law regulations & common law regulations c). Civil government regulations & criminal government regulations d). Public law regulations & private law regulations 2. In a survey of the nonattainment areas in the state, the agency found Helmont to be the district that exceeded the ozone standard by the...