Chapter 5 QUIZ- Tomorrow (9/12/12)

There will be a quiz tomorrow, it will be short answer.

Here is what you should know:

- What is a small business?
- Difference between a FranchisEE and a FranchisOR.
- 3 Reasons why small businesses fail
- Advantages of Telecommuting
- Disadvantages of Telecommuting
- Know 3 contributions Small Businesses make to the economy
- What does the acronym SBA mean?
- What are the benefits and disadvantages of Franchising?
- What are the 3 forms of ownership?
- 2 Advantages for each: Sole Proprietorship, Partnership, Corporation
- 2 Disadvantages for each: Sole Proprietorship, Partnership, Corporation