Which of the Following Statements About Franchises Is Correct

question 80

Multiple Choice

Which of the following statements about franchises is correct?

• A)Franchises are privileges granted by a government to use public property in performing services.
• B)The acquisition cost of a franchise is always amortized over its legal life.
• C)Franchises are privileges granted by a business to sell goods or services under qualified conditions.
• D)The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined.

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Definitions:

Universal

In logic, a universal statement is one that asserts something about every member of a particular category.

Negative Premise

A statement in an argument that denies a certain condition or asserts the absence of something.

Affirmative Conclusion

A conclusion that positively asserts the relationship between the subject and the predicate, rather than negating it.

Extended Argument

A complex line of reasoning that may involve multiple premises and conclusions, typically developed over a longer discourse.