PART I:
Q1. List and describe three advantages and three disadvantages of the following types of business ownership:
Sole Proprietorship
Q2. List and describe three advantages and three disadvantages of sole proprietorships.
Partnership
Q3. List and describe three advantages and three disadvantages of partnerships.
Corporations
Q4. List and describe three advantages and three disadvantages of corporations.
PART II:
Q1. Identify and discuss the following for franchising:
A. What does franchising mean?
B. What are the advantages of franchising?
C. What are the disadvantages of franchising?