Wk2 Apply Assignment.docx - Your Submission 1 Bookmark...

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Your Submission:1.Bookmark question for laterSandy 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?oExecutiveoExecutive, shareholder, and directoroShareholderoExecutive and shareholder2.Bookmark question for laterJuan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business wouldbe best for Juan?oGeneral partnershipoSole proprietorshipoLLCoCorporation3.Bookmark question for laterNoodleoo, 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?oIf Noodleoo was not transparent with its financial data, Stephen has no recourse.oIf Noodleoo was transparent with its financial data, it owes no recompense to Stephen.oIf Noodleoo was not transparent with its financial data, it has broken the franchise rule.oMore than one response is correct.4.Bookmark question for laterWhich of the following roles best fits the situation?Kevin wants to create a business but is not sure what role is best for him. He has capital to invest. He has several partners with which he can begin a business. He has the most management experience of all his potential partners.oGeneral partner in a limited partnership.oLimited partner in a limited partnership.oNeither a limited or general partner would be a good choice.5.Bookmark question for laterWhat role best fits the following situation?Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.

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