True or false:
1. Some people, uncomfortable with the idea of starting their own business from scratch, would rather join a business with a proven track record through a franchise agreement.
2. A franchise agreement is an arrangement whereby someone with a good idea for a business (the franchisor) sells the rights to use the business name and sell a product or service (the franchise) to others (the franchisees) in a given territory.
3. A franchise can be formed as a sole proprietorship, a partnership, or a corporation.
4. Franchises provide distinct advantages of starting and managing a small business, but there are potential drawbacks as well.

The answers are

1. True

2. False

3. True

4. True

Explanation:

1. Some people, uncomfortable with the idea of starting their own business from scratch, would rather join a business with a proven track record through a franchise agreement.

2. A franchise agreement is an arrangement whereby someone with a good idea for a business (the franchisor) sells the rights to use the business name and sell a product or service (the franchise) to others (the franchisees) in a given territory.

Correction: A franchise agreement is a legally binding document that outlines rights and responsibilities between a franchisee and a franchisor in a franchise business relationship.

3. A franchise can be formed as a sole proprietorship, a partnership, or a corporation.

4. Franchises provide distinct advantages of starting and managing a small business, but there are potential drawbacks as well.

a

explanation:

i know

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%