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Your Submission:Submission Score:120 / 120 (100.00%)Grade Time:Aug 22 at 20:03Submitted On:Aug 22 at 20:031.Tucker works for a retail distribution company that was recently started. Tucker has invested a lot of his earnings into shares of the company. When quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a __________ corporation.oSubchapter SoClosely-heldoProfessionalFEEDBACK6 / 6 (100.0%)2.Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation.FEEDBACK6 / 6 (100.0%)3.Rita wants to be involved in business. She has a fair amount of moneyto invest, but she does not want to be involved in management. She wants to form a business in the quickest way possibleunder her circumstances. Which form of business would be best for Rita?
FEEDBACK6 / 6 (100.0%)4.Lenny organized his business in Delaware. He has customers in Delaware, other states inthe U.S., and in foreign countries. Lenny’s business is __________ in Delaware.FEEDBACK6 / 6 (100.0%)5.What is the appropriate description for a chain-stylefranchise? oA franchisee makes or sells a franchisor’s product under their own business name or ooA franchisee sells a franchisor’s product in a specific geographic area.oA franchisee produces and sells a franchisor’s product using the franchisor’s name.FEEDBACK6 / 6 (100.0%)