Franchises - Study guides, Class notes & Summaries

Sole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. Sole Proprietorship Advantages - Answer-•Owner receives all profits; pays only personal taxes •Easy to create; less costly •Flexible decision making Sole Proprietorship Disadvantages - Answer-•Owner responsible for a...

Complete Solutions Manual for Business Law Texts and Cases, 16th Edition by Kenneth W. Clarkson, Roger Miller, Frank B. Cross ; ISBN13: 9780357985533...(Full Chapters included Chapter 1 to 51)...1. Law and Legal Reasoning. 2. Business and the Constitution. 3. Ethics in Business. 4. Courts and Alternative Dispute Resolution. 5. Court Procedures. UNIT II: TORTS AND CRIMES. 6. Tort Law. 7. Strict Liability and Product Liability. 8. Intellectual Property Rights. 9. Internet Law, Social Medi...

A local business is looking to become a franchise. The company wants to predict the number of franchises, F, given a certain number of years, Y. This prediction is modeled by the function F( Y). What can be concluded by F(5) = 10? In 5 years, there will be 10 open stores. A bank begins a marketing campaign to increase its number of customers. Each month, all new customers are put into a drawing. One customer then receives a $50 credit in a checking account.The amount of money given away in the...

BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved sole proprietorship - answerbusiness owned and operated by one person unlimited liability - answerlegal exposure in which an owner of a business is personally liable for all of the debts and obligations of the business what is the most popular form of business organization in the US? - answersole proprietorship sole proprietorship advantages - answer-easily established -no partners or shareholders -only pay taxes on income...

BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved sole proprietorship - answerbusiness owned and operated by one person unlimited liability - answerlegal exposure in which an owner of a business is personally liable for all of the debts and obligations of the business what is the most popular form of business organization in the US? - answersole proprietorship sole proprietorship advantages - answer-easily established -no partners or shareholders -only pay taxes on income...

What is the food service industry? CORRECT ANSWER It's a vast industry encompassing every type of food service operation that provides meals to people away from their homes and sometimes even in their homes Two Segments of the Food Service Industry CORRECT ANSWER Commercial and Noncommercial Are sales larger in commercial or non commercial organizations? CORRECT ANSWER commercial industries generate significantly larger sales Quick Service Restaurants CORRECT ANSWER low check average a...

BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated) Sole Proprietorship Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. Sole Proprietorship Advantages •Owner receives all profits; pays only personal taxes •Easy to create; less costly •Flexible decision making Sole Proprie...

Floral- Rise Up Knowledge Check Which of the following is a term for physical goods that are bought and sold? Sales Products Pricing Services - Products Which of the following is a standard term that describes the audience of retail stores- that is, the people who will buy things from the stores? Manufacturers Wholesalers Buyers Customers - Customers Which of the following is a term for intangible things, such as providing delivery, that are sold by retailers? Gifts Training...

The first hotel to be franchised in the United States occurred in 1907 when this company franchised the _______________ hotel. A.Holiday Inn B.Howard Johnson C.Ritz-Carlton D.Quality Inn - Ritz-Carlton The leader of franchised hotels globally is _____________. A.InterContinental Hotels and Resorts B.Marriott International C.Choice Hotels, International D.Wyndham Worldwide - Wyndham Worldwide Becoming a franchisee has several benefits which include all of the following EXCEPT: A.a cen...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur - answerOne who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - answerThe simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - answerYou can est...