Entrepreneurs should be able to handle minor legal matters themselves.
Answer: T
Entrepreneurs should be able to handle minor legal matters themselves.
Answer: T
Answer: T
A legally binding agreement between two people is called a license.
A legally binding agreement between two people is called a license.
Answer: F
The consumer product safety act of 1972 requires all banks to calculate credit costs in the same way.
The consumer product safety act of 1972 requires all banks to calculate credit costs in the same way.
Answer: F
The copyright on a book remains in effect until the author dies.
The copyright on a book remains in effect until the author dies.
Answer: F
Intellectual property is the original creative work of an artist.
Intellectual property is the original creative work of an artist.
Answer: T
The FBI is the government agency that monitors activities such as false or misleading advertising and price setting by competitors.
The FBI is the government agency that monitors activities such as false or misleading advertising and price setting by competitors.
Answer: F
Antitrust laws make monopolies in certain industries illegal.
Antitrust laws make monopolies in certain industries illegal.
Answer: T
Income earned by a corporation is taxed twice.
Income earned by a corporation is taxed twice.
Answer: T
It is generally easier to start a new business than to take over an existing business or purchase a franchise.
It is generally easier to start a new business than to take over an existing business or purchase a franchise.
Answer: F
According to some estimates, as many as 90% of all businesses, including the vast majority of small and medium sized companies, are owned by families.
According to some estimates, as many as 90% of all businesses, including the vast majority of small and medium sized companies, are owned by families.
Answer: T
Not all franchisors help buyers with marketing, merchandising, and site selection.
Not all franchisors help buyers with marketing, merchandising, and site selection.
Answer: T
The Federal Trade Commission requires franchise sellers to give potential buyers a detailed disclosure document at least 10 business days before paying any money or legally committing to a purchase.
The Federal Trade Commission requires franchise sellers to give potential buyers a detailed disclosure document at least 10 business days before paying any money or legally committing to a purchase.
Answer: T
Initial franchise fees are usually refundable if the franchise owner later decides to go into another line of business.
Initial franchise fees are usually refundable if the franchise owner later decides to go into another line of business.
Answer: F
Fewer than 70,000 people in the United States own franchises, and the popularity of franchise ownership is declining rapidly.
Fewer than 70,000 people in the United States own franchises, and the popularity of franchise ownership is declining rapidly.
Answer: F
If you are buying an existing business, you should ask the current owner for important information in written form.
If you are buying an existing business, you should ask the current owner for important information in written form.
Answer: T
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