Found in the following sections of the text 1111

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Found in the following section(s) of the text: 11.11: Corporate Governance 24. Which of the following is not a basic requirement of good corporate citizenship? o Ethical environment o Disclosure o Strong and vigilant board of directors o Provision of benefits to employees FEEDBACK 2 / 2 (100.0%)
Providing benefits to employees could be a minor facet of meeting stakeholders' interests, but it is not a main area of corporate citizenship. Found in the following section(s) of the text: 11.11: Corporate Governance 25. Under the notion of effective corporate governance, which of the following is not an example of an internal control? o Performance reviews for managers o Reporting to shareholders o Accounting disclosure requirements o Employee satisfaction surveys FEEDBACK 2 / 2 (100.0%) Accounting disclosure is highly regulated by law. Found in the following section(s) of the text: 11.11: Corporate Governance 26. Which of the following is restricted under the constraints of the Franchise Rule? o Terminating a franchise o Required training for franchisees o Requiring the purchase of products and advertising from the franchisor o Raising prices or profit margins without notice FEEDBACK 2 / 2 (100.0%) Franchises may not be terminated without cause , but conditions for when or how a termination may occur are allowed. A requirement to purchase products is fair as long as the franchisor is not overcharging or arbitrarily raising prices. Training is also a fair and foreseeable part of a franchise agreement. Found in the following section(s) of the text:
2.9: Franchises 1. Kara wants to build a business. She has plenty of capital and potential investors and partners . She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it . Which of the following would lead Kara to choose a sole proprietorship organization for her business? o Many potential investors/partners o Avoidance of sole liability o Plenty of capital o Ability to close the business easily FEEDBACK 5 / 5 (100.0%) 2. What 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 . o General partner in a limited partnership. o Neither a limited or general partner would be a good choice. o Limited partner in a limited partnership. FEEDBACK 5 / 5 (100.0%) 3. Lenny organized his business in Delaware. He has customers in Delaware, other states in the U.S., and in foreign countries. Lenny’s business is __________ in Delaware . o Professional
o Subchapter S o Alien o Closely-held o Domestic FEEDBACK 5 / 5 (100.0%) 4. Hal organized his business in Canada . Most of his customers are in Montana. In Montana , Hal’s business would be considered a(n) __________ corporation.

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