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FBLA Introduction to Business Exam Questions & Answers | 160 Questions with 100% Correct Answers | Verified | Updated 2023
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One of the disadvantages of having a partnership is - unlimited liability An organization that is owned and operated by its members is a ______ - cooperative A contractual agreement to use the name and sell the products or services of a company in a designated geographic area is called a ______ . - franchise If one of your goals is to limit your personal liability, it would be best to organize your business as a ______ . - cooperation A business owned by ten people who share the risks and rewards of the business is a ____ - partnerships 3 c's - Capital, Capacity, Character, makes a completely finished product out of raw or processed parts. - manufacturer
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