Soup, Salad, & Sandwich Is a Regional Chain of Restaurants

question 73

Multiple Choice

Soup, Salad, & Sandwich is a regional chain of restaurants in the northeast that provides dine-in, carry-out, and catering services. Owners Jesse and Mataya Peña currently operate six locations and are in the process of opening a new restaurant in another state. Their operation is quite successful and appeals to health-conscious consumers, busy moms, and executives in a hurry. Staying open longer hours, enlarging the menu, and expanding the scope of the business are among the many goals set by the Peñas. They want to follow a traditional business model in reaching their goals.
-Because the Peñas are following a traditional business model,they will engage which of the following functional areas?

• A)investment counseling
• B)marketing
• C)research and development
• D)focus groups

Recognize the importance of adapting study strategies to fit different types of learning environments and coursework.

Acquire skills for seeking clarification and understanding during class lectures.

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Partnership

A Partnership is a legal form of business operation between two or more individuals who share management and profits.

Capital Accounts

Accounts on a company's balance sheet that represent the cumulative amount of equity invested by shareholders and retained earnings.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.