Question

question 8 (2.5 points)
a partnership must terminate every time a partner dissociates from the business.
true
false
question 9 (2.5 points)
ease of access to capital and limited personal liability are advantages of sole proprietorships.
true
false
question 10 (2.5 points)
a motivated workforce of franchisees and the added capital franchisees bring to the company are benefits to the franchisor in a franchise arrangement.
true
false
question 11 (2.5 points)
only certain businesses need to comply with building codes and certain zoning requirements.
true
false

Explanation:

• Question 8: In a partnership, dissociation (a partner leaving) does not always mean termination. The remaining partners can often continue the business. So the statement is false.
• Question 9: Sole - proprietorships have unlimited personal liability (the owner is personally responsible for all debts). Also, access to capital is often limited (compared to corporations, for example). So the statement is false.
• Question 10: Franchisees are motivated as they have a stake in their own business (part of the franchise). And they bring in capital (through franchise fees, investment in the franchise unit etc.). So the statement is true.
• Question 11: All businesses (regardless of type) need to comply with building codes (for safety) and zoning requirements (to ensure land use is appropriate). So the statement is false.

Answer:

• Question 8: B. False
• Question 9: B. False
• Question 10: A. True
• Question 11: B. False