Which of the Following Is Not One of the Franchisor's

question 35

Multiple Choice

Which of the following is not one of the franchisor's disclosure obligations under the Franchising Code of Conduct?

• A)To provide a copy of the Code
• B)To provide a disclosure document
• C)To inform the franchisee about any materially relevant fact within 30 days of becoming aware of it
• D)To provide a copy of the franchise document in the form that it is to be signed

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Definitions:

Bank Reconciliation

The process of matching and balancing figures in accounting records with those displayed on a bank statement.

Outstanding Checks

Checks that have been written and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Debit Memorandum

A document issued by a buyer to a seller indicating a deduction from the amount payable to the seller, often due to returned goods or errors.

Internal Control Problems

Issues or weaknesses in a company's processes that threaten its ability to ensure accurate financial reporting, compliance with laws, and effective and efficient operations.