Which type of business organization is owned by shareholders/stockholders?
Business Management State Test Review

Flashcard
•
Katelyn undefined
•
Business
•
12th Grade
•
Hard
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44 questions
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1.
FLASHCARD QUESTION
Front
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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