Franchising May Be the Only Viable Way for Which of the Following

question 55

Multiple Choice

Franchising may be the only viable way for which of the following to expand?

• A) Sole proprietorships
• B) Businesses with limited capital
• C) Businesses wishing to enter international markets
• D) Partnerships

---

Definitions:

Time Period Assumption

An accounting principle that allows the business operations to be divided into specific time periods for reporting purposes, such as months or years.

Contra Asset Account

An account on the company's balance sheet that reduces the total amount of another account, typically used for accumulated depreciation.

Interim Periods

Interim Periods are shorter time frames within a fiscal year, during which a company reports its financial performance, often quarterly or semi-annually.

Prepaid Expense

Expenses paid in advance and recorded as assets until they are used or consumed.