A Franchise Is a Contractual Arrangement Between a Franchisor and a Franchisee

question 29

Multiple Choice

A franchise is a contractual arrangement between a franchisor and a franchisee according to which the franchisor permits the franchisee to do a number of things.Which of the following is not one of these things?

• A)Be the franchisor's business partner
• B)Manufacture or sell the franchisor's property
• C)Use the franchisor's business system
• D)Use the franchisor's business name or trademark

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Definitions:

Collectively Exhaustive

Refers to a set of events that covers all possible outcomes, ensuring that no possibilities are left out.

Equally Likely

A term used in probability to describe outcomes that have the same chance of occurring.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Mutually Exclusive

Referring to events that cannot both occur at the same time, implying no overlap in their possible outcomes.