You just signed a franchise agreement for a Kwik Wash Car Wash. Discuss what is involved in the franchise agreement.

Grace and Tracy were general partners in a small accounting firm. Without consulting with Tracy, Grace used the company credit card to charge $20,000 worth of furniture for her home. The following week Grace is killed in an automobile accident. Who is responsible for the credit card debt?

Question 14 options:

	Tracy
	Grace's estate
	Both Grace and Tracy
	The debt will be erased because Grace is deceased

Which of the following is a disadvantage of a sole proprietorship?

Question 10 options:

	Start-up is easy
	Profits are taxed as personal income
	Ability to easily access bank loans
	The owner has the flexibility of being his or her own boss