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An independent auditor's (CPA's)report is a guarantee that the financial statements are free from fraud or material error.
Gross Profits
The total revenue from sales minus the cost of goods sold, before deducting operating expenses.
Franchisor
A business entity that grants the right to use its business model and brand to an independent operator, known as a franchisee, in exchange for a fee.
Small Business Ownership
The operation and management of a small enterprise, typically characterized by a limited number of employees and relatively low volume of sales.
Franchising
A business model that allows individuals or entities to operate a store or restaurant by licensing a brand and business system from a franchisor.
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