Questions from Business Foundation

Q: a. Briefly describe four contributions of small business to the American

a. Briefly describe four contributions of small business to the American economy. b. Give examples of how small businesses fill needs of society and other businesses.

Q: a. Explain the relationships among a franchise, the franchisor,

a. Explain the relationships among a franchise, the franchisor, and the franchisee. b. Describe the three general categories of franchising arrangements.

Q: a. What kinds of factors encourage certain people to start new

a. What kinds of factors encourage certain people to start new businesses? b. What are the major causes of small-business failure? Do these causes also apply to larger businesses?

Q: a. According to the IMF, what are the economic growth

a. According to the IMF, what are the economic growth projections for 2017 and 2018? b. What is the importance of exports to the U.S. economy? c. Which nations are the principal trading partners of th...

Q: Select the correct answer. /

Select the correct answer.

Q: a. What does the franchisor receive in a franchising agreement?

a. What does the franchisor receive in a franchising agreement? What does the franchisee receive? What does each provide? b. Cite one major benefit of franchising for the franchisor. Cite one major be...

Q: a. What information would you need to determine whether a particular

a. What information would you need to determine whether a particular business is small according to SBA guidelines? b. Which two areas of business generally attract the smallest businesses? Why are th...

Q: a. Define and describe the major objectives of the World Trade

a. Define and describe the major objectives of the World Trade Organization (WTO) and the international economic communities. b. What is the North American Free Trade Agreement (NAFTA)? What is its im...

Q: a. What happens when a firm makes a decision to grow

a. What happens when a firm makes a decision to grow from within? b. What is a hostile takeover? How is it related to a tender offer and a proxy fight? c. Explain the three types of mergers. d. Descri...

Q: a. How does a sole proprietorship differ from a partnership?

a. How does a sole proprietorship differ from a partnership? b. Explain the difference between a general partner and a limited partner. c. Describe the issues that should be included in a partnership...