Which of the Following Pieces of Information Is Required to Be

question 13

Multiple Choice

Which of the following pieces of information is required to be disclosed under the Uniform Franchise Offering Circular (UFOC) ?

• A) the list of competitors within the same industry
• B) the material terms of the franchise agreement
• C) the age of all owners of the trademark
• D) the nationality of all the employees of the franchise

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Definitions:

Measures Of Central Tendency

Single numbers, such as the mean, median, and mode, designed to represent a “typical” value for the data.

Outliers

Outliers are data points in a dataset that deviate significantly from the rest of the distribution, potentially indicating an error or a unique underlying process.

Bimodal

A set of data that has two modes.

Standard Deviation

A statistical measure of the dispersion or variability of a data set around its mean.