You Have Been Running a Successful Art and Framing Shop

question 142

Multiple Choice

You have been running a successful art and framing shop for three years. You have decided to allow others to use your business name, materials, and methods in operating their own business for a fee. You are going to enter a

• A) joint venture.
• B) small-business development center.
• C) franchise agreement.
• D) venture capitalist agreement.
• E) business contraction.

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Definitions:

Social Security

A government program that provides financial assistance to people with an inadequate or no income, particularly the elderly, disabled, and families with dependent children.

Surpluses

Surpluses are situations in which the supply of a good or service exceeds its demand, often leading to lower prices.

Ronald Reagan

The 40th President of the United States, serving from 1981 to 1989, known for his conservative policies, economic reforms, and role in ending the Cold War.

George Bush

Refers to either George H. W. Bush (41st President of the United States) or George W. Bush (43rd President of the United States), both members of the Bush political family.