The Cost of a Franchise May Include

question 10

Multiple Choice

The cost of a franchise may include

• A) royalty payments.
• B) high executive salaries.
• C) a one-time federal franchise tax.
• D) higher-than-usual labor costs.

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Definitions:

Labor Force

The total number of people, including both the employed and the unemployed, who are currently available to work.

Union Membership

The status of being a member of an organized labor union, which represents workers in negotiations with employers over wages, benefits, and working conditions.

Public Sector

The part of the economy composed of government services and enterprises, including education, healthcare, and law enforcement.

Labor Unions

Organizations formed by workers from related fields to work collectively towards securing better working conditions, wages, and other employment benefits.