An Advantage of Franchising Is The

question 53

Multiple Choice

An advantage of franchising is the:

• A) franchisee's ability to freely expand its territory.
• B) minimal setup costs involved.
• C) training and support provided by the franchisor.
• D) franchisee's ability to take control of the business.

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Definitions:

Liability

Legal responsibility for one's actions or inactions, particularly in causing harm to others or to property, which may result in civil or criminal penalties.

UCC

Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of the payee's acceptance.

Countersignature

An additional signature required on a document, serving as a verification or approval of the primary signature.