Question 18

Which one of the following options is correct? a. buying a business owners are more dependent b. buying a franchise owners are more independent c. buying a business you cannot change the business model d. buying a franchise you can change the business model e. buying a franchise branding and marketing are easier

Question 19 Which one of the following statements about franchising is correct?

(a) There is less risk involved in buying a franchise than starting a new business. (b) Experience of the specific business is a prerequisite. (c) Funds are more readily obtainable from financial institutions for an existing franchise than for a new business. a. a only b. a and c c. a, b and c d. b and c e. c only

Question 20 Which one of the following statements is correct?

a. A testamentary trust arises from the deed of trust. b. Estate planning includes an investment in a retirement annuity. c. Estate planning includes self-insurance. d. Perpetual testamentary trusts usually have income and capital beneficiaries. e. Perpetual testamentary trusts usually have capital beneficiaries only.