If You Run a _____,You May Find That You Must

question 70

Multiple Choice

If you run a _____,you may find that you must adhere to certain rules even if you disagree with some of them.

• A)previously owned business
• B)franchise
• C)limited liability corporation
• D)partnership

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Definitions:

Cash

Money in the form of coins or banknotes, especially that issued by a government, and available for immediate use in transaction.

Par Value

The nominal or face value of a bond, stock, or other financial instrument, as stated by the issuer.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Paid-in Capital

The amount of money that shareholders have invested in a company in exchange for ownership, excluding earnings or retained profits.