Business Management State Test Review

Business Management State Test Review

Assessment

Flashcard

Created by

Katelyn undefined

Business

12th Grade

Hard

Student preview

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44 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Which type of business organization is owned by shareholders/stockholders?

Back

Corporation

2.

FLASHCARD QUESTION

Front

What is the name of an individual who owns a share of a corporation and is entitled to part of its profits?

Back

shareholder/stockholder

3.

FLASHCARD QUESTION

Front

Which business entity is best defined as the right or license granted by a company to an individual or group to market its products or services in a specific territory?

Back

Franchise

4.

FLASHCARD QUESTION

Front

What are the advantages of a franchise to the franchisor?

Back

Franchisor support, Minimal business experience necessary, Established Brand

5.

FLASHCARD QUESTION

Front

What are the advantages of a franchise to the franchisor?

Back

rapid expansion

6.

FLASHCARD QUESTION

Front

What legally protects a company's logo and slogan?

Back

trademark

7.

FLASHCARD QUESTION

Front

What legal term grants an exclusive right for an invention, which is a product or a process that provides a new way of doing something?

Back

patent

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