Question

A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. franchise b. sole proprietorship c. partnership d. corporation Please select the best answer from the choices provided A B C D

Answer 1

Answer:

A business chartered by a state that legally operates as a separate entity from the owner(s) is called a. Franchise.

Explanation: A franchise business is a business run by an individual or an entrepreneurial group, selling a product or service branded by an organization that provides assistance in every aspect of the business, in exchange for a combination of a flat fee, plus a profit or sales fee. The franchisor is rapidly expanding revenue and profits at a minimal capital outlay.

Answer 2

The answer is A. A franchise is the right given by an organization to an individual or to a group to market its products.Sole propietorship conveys the meaning of a business with a unique owner.A corporation is made out of a lot op owners or share holders.Partnership are a group of owners who invested money to obtain gains and share.