In the Section of the Disclosure Statement Titled "Information About

question 66

Multiple Choice

In the section of the disclosure statement titled "Information about franchisees," the franchisor must provide the names and addresses of all franchisees located in which proximity to the prospective franchisee?

• A) city
• B) county
• C) state
• D) region

---

Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear, tear, or obsolescence.

Product Cost

encompasses all costs incurred to produce a product, including direct materials, direct labor, and manufacturing overhead.

Advertising

A marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service, or idea.

Period Costs

Costs that are not directly tied to the production of goods and are expensed in the accounting period they are incurred, such as sales and administrative expenses.