Business Law

Card Set Information

Author:
rebekaheh
ID:
80429
Filename:
Business Law
Updated:
2011-05-02 15:28:39
Tags:
Chapter Thirty Five
Folders:

Description:
Sole Proprietorships and Franchises
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user rebekaheh on FreezingBlue Flashcards. What would you like to do?


  1. One who initiates and assumes the financial risks of a new enterprise and who undertakes to provide or control its management.
    entrepreneur
  2. Any arrangement in which the owner of a trademark, trade name, or copyright licenses another to use that trademark, trade name, or copyright, under specified conditions or limitations, in the selling of goods and services.
    franchise
  3. One receiving a license to use another's (the franchisor's) trademark, trade name, or copyright in the sale of goods and services
    franchisee
  4. One licensing another (the franchisee) to use his or her trademark, trade name, or copyright in the sale of goods or services.
    franchisor
  5. The simplest form of business, in which the owner is the business; the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business.
    sole proprietorship

What would you like to do?

Home > Flashcards > Print Preview