tRUE OR FALSE

$.......\mathrm{.}6.$ In corporations the investors elect managers who then select a board

of Directors.

$.......7.$ The shares of private corporations are traded on the TSE.

$........8.$ Corporations face a double taxation of profits by governments.

$-2-$

$........9.$ Corporations have a limited life.

$......10.$ Franchisees pay many kinds of fees $($initial$,$ royalty, other$)$ to the

Frnchisor. This is a $$headache$$ for an entrepreneur if you don$$t

make a lot of revenue.