1. What must be filed in order to form a limited liability company? Articles of incorporation. Nothing. Articles of organization. Certificate of limitation
2. A business arrangement where one party allows another to use its name, trademark, or sell its products in its business is known as a(n): Franchise. Proprietorship. Royalty. Joint venture.
3. Franchises can be used for what types of business? Goods and services. Services only. Goods, as well as services, but only for services if the services are connected with a good. Goods only.
4. The federal agency that covers franchise law is: The Federal Trade Commission. The Interstate Commerce Commission. The Justice Department. The Patent and Trademark Office.