Areas Where Older Americans Congregate and That Gradually Become Informal

question 29

Multiple Choice

Areas where older Americans congregate and that gradually become informal centers for senior citizens are known as

• A)retirement communities.
• B)naturally occurring retirement communities.
• C)nursing homes.
• D)assisted living communities.

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Definitions:

Franchise Arrangement

A business model that allows individuals or entities to operate their business using the branding and systems of an established company in exchange for a fee.

Winding Up

The second of two stages in the termination of a partnership or corporation, in which the firm’s assets are collected, liquidated, and distributed, and liabilities are discharged.

Franchisor's Property

Assets, trademarks, or intellectual property owned by the franchisor that are licensed to franchisees under a franchise agreement.

Franchise Territory

a specified geographic area granted to a franchisee in which they have the rights to operate and market the franchisor's business.