ETH 321T WK 5 - APPLY:
SUMMATIVE ASSESSMENT: THE
REGULATORY AND GLOBAL
ENVIRONMENT OF BUSINESS TEST |
QUESTIONS AND ANSWERS | 2026
UPDATE | WITH COMPLETE
SOLUTIONS.
Sandy works for RigorMart. She supervises regional managers and directs them based
on orders from the board of directors. Sandy's position also entitles her to stock
ownership in the company. What is Sandy's position in the company? - answer-
EXECUTIVE & SHAREHOLDER
Rita wants to be involved in business. She has a fair amount of money to invest, but she
does not want to be involved in management. She wants to form a business in the
quickest way possible under her circumstances. Which form of business would be best
for Rita? - answer- LIMITED PARTNERSHIP
Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with
Stephen to sell its product through a chain-style franchise. Stephen agrees and opens
the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this
situation? - answer- If Noodleoo was not transparent with its financial data, it has broken
the Franchise Rule.
Cadence works for WilderCorp. She meets with a team to make all-encompassing
decisions concerning the direction of the business. She also personally supervises
managers and conducts training for supervisors and plant managers. Cadence also
buys stock in WilderCorp. What is Cadence's position in the company? - answer- MORE
THAN ONE OPTION
Lily wants to build a business. She has very little capital. She does, however, have a
partner with which she could run a business. Lily wants to be able to avoid being held
personally liable for any problems the business has. Which of the following would lead
Lily to choose a sole proprietorship organization for her business?- - answer- LITTLE
CAPITAL
SUMMATIVE ASSESSMENT: THE
REGULATORY AND GLOBAL
ENVIRONMENT OF BUSINESS TEST |
QUESTIONS AND ANSWERS | 2026
UPDATE | WITH COMPLETE
SOLUTIONS.
Sandy works for RigorMart. She supervises regional managers and directs them based
on orders from the board of directors. Sandy's position also entitles her to stock
ownership in the company. What is Sandy's position in the company? - answer-
EXECUTIVE & SHAREHOLDER
Rita wants to be involved in business. She has a fair amount of money to invest, but she
does not want to be involved in management. She wants to form a business in the
quickest way possible under her circumstances. Which form of business would be best
for Rita? - answer- LIMITED PARTNERSHIP
Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with
Stephen to sell its product through a chain-style franchise. Stephen agrees and opens
the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this
situation? - answer- If Noodleoo was not transparent with its financial data, it has broken
the Franchise Rule.
Cadence works for WilderCorp. She meets with a team to make all-encompassing
decisions concerning the direction of the business. She also personally supervises
managers and conducts training for supervisors and plant managers. Cadence also
buys stock in WilderCorp. What is Cadence's position in the company? - answer- MORE
THAN ONE OPTION
Lily wants to build a business. She has very little capital. She does, however, have a
partner with which she could run a business. Lily wants to be able to avoid being held
personally liable for any problems the business has. Which of the following would lead
Lily to choose a sole proprietorship organization for her business?- - answer- LITTLE
CAPITAL
