Quiz Tomorrow (Wed, September 10)

There will be a Quiz on Chapter 5.  Here is what you should know:

Define what a small business is?

What are two reasons a small business fails?

What is a benefit of a home-based business?

What is a FRANCHISEE? What is a FRANCHISOR?  Give me an example of each.

Name the advantages of Franchising.

Name the disadvantages of Franchising.

What are the 3 forms of Private Ownership? Name 3 advantages and 3 disadvantages of each.

Who elects the board of directors?

Who hires the CEO?

What are the 5 levels of Managment?

What does COO, CMO, CFO stand for?

What is the difference between a merger and a acquisition?

What is a Joint Venture?