What Does a Franchiser Do

question 69

Multiple Choice

What does a franchiser do?

• A) Owns the company's name and licenses others to sell its products
• B) Provides a licensing fee to the owner of the business
• C) Runs the day-to-day operations of the local business
• D) Agrees to sell the product according to the franchisee's requirements

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Definitions:

Tenant Paid

A term indicating that a tenant is responsible for certain payments, such as utilities or maintenance fees, in addition to rent.

Supplies Used

This term refers to the amount of supplies that have been consumed or utilized during a specific period in business operations.

Adjustment

A modification made to rectify the balance of an account, to reflect accrued expenses or revenues, or to correct errors.

Balance Sheet

An accounting summary showing the assets, liabilities, and owner's equity of a company on a given date.