Match the Term with Its Definition

question 29

Multiple Choice

Match the term with its definition.
-A rule that requires the franchisor to disclose certain information to prospective franchisees

• A)franchise
• B)franchise contract
• C)Franchise Disclosure Document (FDD)
• D)franchisee
• E)Franchise Rule
• F)franchising
• G)franchisor
• H)multibrand franchising
• I)nondisclosure agreement
• J)piggyback franchising

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Definitions:

Socialism

An economic and political system where the means of production are owned and controlled by the state or public, aiming for equal distribution of wealth and resources.

Individualism

A concept that gives preference to individual freedoms, liberties, and rights.

Communism

A political and economic ideology that aims for a classless society where all property is publicly owned, and each person works and is paid according to their abilities and needs.

Egalitarianism

A belief in human equality, particularly with respect to social, political, and economic rights and privileges.