1) Subway__food business____

2) limited liability_ _

Limited liability is a type of legal structure for an organization where a corporate loss will not exceed the amount invested in a partnership or limited

____

3) stockholder compensation___Shareholder compensation is thus essentially a transfer from shareholders who were not defrauded to shareholders who were defrauded.__

4) COO__The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.____

5) LLC____is a A Limited Liability Company (LLC) is a business structure allowed by state statute.___

6) increase shares owned____capital stock is the number of shares that can ever be outstanding or held by shareholders._

7) social purpose__Within the context of law, "social purpose" is a scheme of statutory construction declaring that a statute should not be construed in a way that would violate normal societal values or good. ____

8) DbA____ Doing business as ___

9) unlimited liability__refers to the full legal responsibility that business owners and partners assume for all business debts___

10) proportionally___in a way that corresponds in size or amount to something else._

11) equal right to management__Management of partnership can be done by all partners because they have equal rights when it comes to managing it.____

acquisition_Acquisition most commonly means the process of obtaining something or the thing that is obtained.

offer to sell shares to the public_An initial public offering

day to day management______ focuses on day-to-day activities performed on daily basis for increasing value of business

ownership interest in corporation_______An ownership interest is how much of something you own. A share indicates how much ownership you have in a corporation._

20) limited corporation_______In the United States, a limited company is more commonly known as a corporation (corp.) or with the suffix incorporated

21) invisible hand_____The invisible hand is a metaphor for the unseen forces that move the free market economy__

22) recycling________the action or process of converting waste into reusable material.

23) vertical rise______This is the difference in elevation between the top and bottom terminals of a ski lift.

24) fractional inverse______To find the inverse of a fraction, switch the numerator and the denominator

25) consumer protections___Consumer protection laws safeguard purchasers of goods and services against defective products and deceptive, fraudulent business practices.___

26) import tariff________Import tariffs are taxes charged by the customs authority on the importation of goods into a country

III. Jerome has always wanted to have his own business. He has worked for COCOM for the last 10 years. During that period he has become very familiar with its operations and management. COCOM has decided to franchise its business for an initial price of $60,000. Jerome has saved $45,000. He knows that to start his own business would require an additional $55,000. He has an excellent credit score and believes he could obtain a loan for that amount at a low interest rate. Jerome has friends Kayla and Stewart that have told him that if he decides to start a business they would like to go in on it with him. Jerome does not want any management hassles with partners. However, both Kayla and Stewart could contribute substantial funding. Jerome would also like to merchandise products that he has patented that could improve COCOM or improve his business that would be similar to COCOM.

A] Jerome has come to you as business consultant. He would like your advice as to the business form he should choose. Considering Jeromes desires which business form do you advise. Explain your choice citing advantages and disadvantages. Be specific.

Defnitely start his own business, with all the knowledge and experience he could be much successfull and would make a better product compare to COCOM. Jerome is passionate and that what matter the most, also his friends contribution is a big plus

IV. For your answers to the following questions be sure to show your calculations:

Corporation offers shares at the following par values:

Common @ $18/par

Preferred @ $33/par

1). Sylvester spends a total of $690 for Common and Preferred shares. He has purchased $360 worth of Common. (A) How many shares has he purchased of Common shares? (B) How many shares of Preferred?

2). After his initial purchases Sylvester purchases 1/4 more of Common and 1/5 more of Preferred.

(A) How much more did he spend on the purchases? (B)What is the new total of shares owned?

3). Corporation offers a stock split on Common of 6:1. (A)What is the par value of Sylvesters Common stock after the split? (B) What is the total value of shares owned by Sylvester?

4.) Sylvester decides to sell of his Common shares and 1/3 of his preferred shares at their perspective share values. (A) How much does he earn total on the sale?

5.) Following the sale of his shares Corporation offers a stock dividend on Common @5/share and on Preferred @$7/share. (A) How much is Sylvesters total dividend?

V. Determine whether the following statements are True (T) or False (F). Place a T or an F on the line next to each statement. If the statement is False provide a corrected statement:

1) Adam Smith is the Father of Communism____T____

2) Democracy is an economic system_____F_

3) Barter is an exchange for something of value without using currency__T____

4) If there is an effective substitute then the price of the original will adjust to its value____T_

5) A nonprofit is not allowed to make a profit___T__

6) A command economy falls within the laws of supply and demand____T_

7) An S corporation may issue different types of stock as may a C corporation____T_

8) A sole proprietors liability is the same as that of a general partner______F_

9) The sale/purchase of shares in the marketplace is regulated by the SEC____T___

10) A silent partner's liability is limited because of lacking managerial rights______T__________

VI. On the blank line next to each numbered item below name the environmental law that allows for its regulation or introduction:

1) funding to promote "greener" jobs and a healthier society ___work related to sustaining a healthy environment_

2) institute stringent emissions standards for aircraft and factories______ airplane manufacturers that are no less stringent than the ICAO Airplane

3) applicable to pesticides and fungicides_______The primary objective of FIFRA is to ensure that, when applied as instructed, pesticides will not generally cause unreasonable risk to human __

4) prescribed a national standard for quality of air pertaining to the ozone layer__for ozone and five other pollutants considered harmful to public health and the environment (the other pollutants are particulate matter, nitrogen oxides, carbon monoxide, sulfur dioxide and lead).

5) related to solid- waste disposal_____Once generated, wastes must be managed through reuse, recycling, storage, treatment, and/or disposal. Most municipal solid wastes

VII. What consumer interest/right is being recognized by these industrial efforts? Place answer on blank line:

1) recalling of defective airbags________Takata supplied defective air bags to many automakers, resulting in one of the largest and most complex recalls in U.S. history

2) listing of product ingredients on product packing_______Food manufacturers are required to list all ingredients in the food on the label. On a product label, the ingredients are listed in order of predominance, with the ingredients used in the greatest amount first, followed in descending order by those in smaller amounts._____________

3) providing multiple offerings across a singular product type_____________There are many ways to cross merchandise products in your store. ... shopper or sparks an idea while offering a higher margin for retailers_

4) listing a "consumer affairs" hotline_____800.952. 5210_________________________

5) define "consumerism"_____the protection or promotion of the interests of consumers._