Nathan Started the First Outlet of Dynamix Gym in New

question 80

Multiple Choice

Nathan started the first outlet of Dynamix Gym in New York City in 1995.The business expanded over time,and he became the owner of a chain of gyms in New York State.Though the business had potential to expand outside New York,Nathan did not want to take the risk or responsibility.Hence,he decided to sell the license to own and operate gyms under the brand name Dynamix Gym to independent owners.In return,he charged them an initial fee and a small share in the monthly profits.In this scenario,Nathan is a(n) _____.

• A)trade creditor
• B)intrapreneur
• C)angel investor
• D)franchiser
• E)venture capitalist

---

Definitions:

Process Costing

An accounting methodology used to assign costs to masses of similar units of product to calculate the cost per unit, typically used in industries where products are indistinguishable, like chemicals or food processing.

Petroleum

A naturally occurring liquid found beneath the Earth's surface that can be refined into fuel, lubricants, and petrochemicals.

Sugar Refining

The process of converting raw sugar into refined sugar, involving the removal of impurities and color to produce pure, white sugar for consumption.

Computer Manufacture

The process involving the assembly and production of computer hardware and components, often involving complex electronic and mechanical processes.