Assume the Following Sales Data for a Company: If

question 219

Multiple Choice

Assume the following sales data for a company: If 2012 is the base year, what is the percentage increase in sales from 2012 to 2014?

• A) 100%
• B) 160%
• C) 60%
• D) 62.5%

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Definitions:

Chief Characteristics

Principal or most significant features, properties, or attributes that distinguish a subject or entity.

Implied Covenant

A legal promise that is not expressly stated but is considered a fundamental part of a contract to ensure fairness and honesty.

Good Faith and Fair Dealing

An implied contractual obligation to act honestly and fairly towards the other party, avoiding taking unfair advantage in a transaction.

Franchise Territory

The specific geographic area granted to a franchisee by the franchisor in which to operate and market the franchised business.