Midas Muffler Sells Its Business Name and the Rights to Its

question 39

Multiple Choice

Midas Muffler sells its business name and the rights to its products to prospective business persons who want to use the Midas name and offer Midas products.In this arrangement,Midas would be the __________,and the buyer of these rights is the ____________.

• A)owner;limited partner
• B)wholesaler;retailer
• C)co-signer;co-signee
• D)franchisor;franchisee

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Definitions:

Status Attainment

The process by which individuals occupy positions within the societal hierarchy, influenced by factors such as education, family background, and job achievement.

Property Owners

Individuals or entities that legally possess ownership rights over various forms of property, such as land, buildings, or intellectual property.

Economic Interests

The financial goals or motivations of an individual, organization, or country.

Employees

Individuals who are hired to perform services or tasks for compensation under the direction and control of an employer.