Question:

1) Which of the following are factors that a court will consider in determining whether a partnership exists?

A.The qualifications of the parties.

B.Whether the parties intend to make a profit.

C.Whether there are outside investors in the business.

D.How profits are divided.

E.Whether the parties are involved in the management of the business.

F.Whether the business actually earns a profit.

G.How losses are divided.

H.Whether one party to the arrangement has significantly more business experience than any of the others.

2) The Securities and Exchange Commission holds primary responsibility for which of the following. Check all that apply.

A.Determining the offering price for shares in an initial public offering of stock.

B.Enforcing federal securities laws.

C.Enforcing state securities laws.

D.Proposing federal securities rules .

E.Regulating the securities industry , the nation's stock and options exchanges, and other activities and organizations, including electronic securities markets in the United States.

F.Counseling investors as to the desirability of public stock offerings.

3) The Federal Trade Commission (FTC) requires franchisers to provide the Franchise Disclosure Document (F D D) to franchisees prior to signing a franchise agreement

A.To allow the FTC the opportunity to evaluate the merits of the franchise deal.

B.To enable the FTC the opportunity to ensure that the franchiser has agreed to indemnify the franchisee in the event that the franchisee incurs a financial loss as the result of the operation of the franchise business.

C.To enable the FTC to coordinate with state regulators to ensure that the franchiser's prior business experience merits expansion of the franchise.

D.To allow the franchisee to make an informed decision.

Please answer all questions as soon as possible. Thank you in advance