Coattail effects - when the actions or failures of other franchisees have a negative impact on your future growth and profitability - are one disadvantage of franchises.

True or False

All public corporations must file semi-annual reports containing basic data about themselves. True or False

Owning more than one unit of a nationally recognized franchise is prohibited by the Competition Act.

True or False

Two types of partnerships are general partnerships and specific partnerships.

True or False

Sole proprietorshipsare more heavily regulated thancorporations.

True or False

A disadvantage of the corporate form of business ownership is the fact that corporate income is taxed twice.

True or False

In Canada, corporations are divided into two classes: profit and non-profit.

True or False

In Canada, corporations are divided into two classes: profit and non-profit.

True or False