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Eth/321T Week 2 Apply Assignment
Questions and Correct Answers the
Latest Update and Recommended
Version
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?
✓ 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?
✓ 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?
✓ 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?
✓ MORE THAN ONE OPTION
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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?-
✓ LITTLE CAPITAL
What is the appropriate description for a plant-processing franchise?
✓ 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?
✓ 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
✓ 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?
✓ Miranda is obligated to perform the contract.
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
Eth/321T Week 2 Apply Assignment
Questions and Correct Answers the
Latest Update and Recommended
Version
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?
✓ 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?
✓ 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?
✓ 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?
✓ MORE THAN ONE OPTION
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!
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?-
✓ LITTLE CAPITAL
What is the appropriate description for a plant-processing franchise?
✓ 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?
✓ 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
✓ 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?
✓ Miranda is obligated to perform the contract.
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
