FBLA Introduction to Business exam | Questions and Correct Solutions | latest Update 2024/2025 | Graded A+

FBLA Introduction to Business exam | Questions and Correct Solutions | latest Update 2024/2025 | Graded A+ One of the disadvantages of having a partnership is - Answer -unlimited liability An organization that is owned and operated by its members is a ______ - Answer -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 ______ . - Answer -franchise If one of your goals is to limit your personal liability, it would be best to organize your business as a ______ . - Answer -cooperation A business owned by ten people who share the risks and rewards of the business is a ____ - Answer -partnerships 3 c's - Answer -Capital, Capacity, Character, makes a completely finished product out of raw or processed parts. - Answer -manufacturer packagers - Answer -processorproducer - Answer -make the before final product moves finished goods, stores them, and resells them to a wholesaler - Answer -intermediary Which department in a company sets the price of a product? - Answer - marketing The highest level of management in the organization; responsible for direction and control of the organization as a whole (such as director; general manager; partner; chief officer and executive manager). - Answer -top level management Responsible for meeting the goals that senior management sets - Answer -middle management