Which of the Following Is NOT an Industry in Which

question 13

Multiple Choice

Which of the following is NOT an industry in which business format franchises predominate?

• A) Soft drink bottlers
• B) Business services
• C) Hotels and motels
• D) Quick service restaurants
• E) Automotive service and repair

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Definitions:

Assignment

The passing of property or rights from one individual to another.

Indorsement

The act of signing one's name on the back of a cheque or other negotiable instrument to make it payable to someone else.

Without Recourse

A term indicating that the holder of a financial instrument, such as a note or bill, cannot demand payment from the original issuer in case of default by the borrower.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument, legally transferring ownership or authorizing a transaction.