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Exam 2: Financial Management and Planning

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Question 51

Multiple Choice

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You have always wanted to own your own McDonald's restaurant. You contacted this corporation and received the details of purchasing one of these restaurants. If you are granted permission, you will become a and the McDonald's corporation is the _ .

A) franchiser; franchisee
B) franchisee; franchiser
C) franchisee; franchisee
D) franchiser; franchiser

E) A) and B)
F) A) and D)

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Question 52

Multiple Choice

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Which of the following pertain to the external factors that are outside the control of a company?

A) strengths and threats
B) opportunities and weaknesses
C) opportunities and threats
D) strengths and opportunities
E) strengths and weaknesses

F) A) and D)
G) A) and E)

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Question 53

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A goal is a measurable objective that can be reached in a specified time frame.

Public corporations have double taxation, unlimited liability for owners, and can raise large amounts of cash by selling stocks or bonds.

Converting functional plans into annual dollar requirements is the process of

Prior to applying for a loan through an approved Small Business Administration lender, you must establish the form of business ownership.

When obtaining funds for a business, investors provide money in exchange for partial ownership of the business.

In a limited liability partnership, all of the partners can participate in day -to -day operations.

When borrowing funds for a business, lenders provide money in exchange for partial ownership of the business.

The financial plan consists of