Answers Personal Finance and Economics Practice ExamQuestion 8

8

practice examMultiple Choice

Practice Exam

Question 8 • Personal Finance and Economics

A business owner would most likely create a cooperative instead of buying a franchise because

Answer

A

cooperatives allow all owners to share profits, while franchises are required to share profits with a parent company.

B

cooperatives give majority owners the most control, while franchises make decisions with a parent company.

C

cooperatives are well financed by members, while franchises must raise large sums of money to launch a business.

D

cooperatives make it easy to accumulate supplies, while franchises come with supplier relationships already in place.

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