Quiz- Chapter 5 SMALL BUSINESS

Quiz tomorrow will be short answer and you should know the following:

Define what a Small Business is?
Name 2 advantages of a Home Based Business?  What is a disadvantages?
What are 3 Contributions of Small Business?
What are the 3 reasons small businesses fail?
Define what is a FRANCHISOR and give an example.  What is a FRANCHISEE?
What are 4 advantages of Franchising?
What are 4 disadvantages of Franchising?
Name the three forms of PRIVATE OWNERSHIP.  Give me 2 advantages and 2 disadvantages of each.

Worksheets are due Friday.  Lecture on the rest of Chapter 5 on Friday and Test will be on February 13,2014.