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1.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, Stephen has no recourse.□The Franchise rule does not apply to struggling companies.□Stephen was not responsible for looking into the financial status of Noodleoo before making the agreement.□If Noodleoo was not transparent with its financial data, it has broken the Franchise Rule.2.What is the appropriate description for a chain-style franchise? □A franchisee makes or sells a franchisor’s product under their own business name ororganization.□A franchisee produces and sells a franchisor’s product using the franchisor’s name.□A franchisee sells a franchisor’s product in a specific geographic area.3.Which 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 toinvest. He has several partners with which he can begin a business. He has the most management experience of all his potential partners.□General partner in a limited partnership.□Neither a limited or general partner would be a good choice.□Limited partner in a limited partnership.