Some Franchise Agreements Specifically Require the Franchisee to Have a Percentage

question 41

Multiple Choice

Some franchise agreements specifically require the franchisee to have a percentage of the total franchise fee from which of the following?

• A) a venture capitalist
• B) a nonborrowed source
• C) an accredited bank
• D) the Small Business Administration (SBA)

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Definitions:

Self-Determination Theory

A psychological framework positing that individuals are motivated to grow and change through three innate psychological needs: competence, relatedness, and autonomy.

Particular Needs

Specific requirements or desires of an individual that vary depending on personal circumstances or contexts.

Needs for Competence

The intrinsic motivation that drives individuals to seek out challenges and opportunities to enhance their skills and abilities.

Autonomy

The capacity to make an informed, uncoerced decision; in psychology, it often relates to the sense of control or agency over one's actions and life.