Which of the Following Is NOT an Advantage of a Franchise

question 15

Multiple Choice

Which of the following is NOT an advantage of a franchise to the franchisee?

• A) Brand recognition
• B) Financing assistance
• C) Royalties
• D) Architectural plans

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Definitions:

Adjusting Entries

Journal entries made in an accounting period to accommodate incomes and expenditures in their appropriate financial period.

Inventory Returns

Items sent back to the manufacturer or supplier from the buyer due to defects, excess orders, or other reasons.

Perpetual Inventory System

An immediate inventory recording method in accounting that leverages computerized point-of-sale and enterprise asset management software to track purchases or sales.

Quick Ratio

A liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.