Jay Wants to Start a New Business

question 26

Multiple Choice

Jay wants to start a new business.With which of the following methods will he pay a share of the income from the business in return for the use of trademarks and business formulas?

• A) Venture capitalism
• B) Franchising
• C) Buying an existing business whose purchase price includes goodwill
• D) Starting a new business with loans from the SBA
• E) Industrial revenue sharing

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Definitions:

First-Grade Teacher

a professional educator specialized in teaching the foundational elements of reading, writing, and arithmetic to young children, typically aged 6 to 7 years.

Culturally Responsive

An approach or practice that is informed by and sensitive to the cultural experiences, norms, and values of diverse groups.

Homework Assignments

Tasks assigned to students by their teachers to be completed outside of class time, intended to reinforce learning.

Individual Contracts

Individual contracts are agreements between two parties where specific services, terms, and conditions are specified and agreed upon by both.