Radonna Has Just Secured a License to Sell Sonic Products

question 15

Multiple Choice

Radonna has just secured a license to sell Sonic products in her town of Normandy, Missouri. This agreement between Radonna and Sonic is known as a(n) ________.

• A) joint venture
• B) franchise
• C) joint partnership
• D) limited liability partnership
• E) entrepreneurship agreement

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Definitions:

Cash Register

A machine used in shops for calculating and recording sales transactions and for storing money.

Driver's License

An official document permitting a specific individual to operate one or more types of motorized vehicles on public roads.

Credit Card Block

A restriction placed on a credit card by the issuer, temporarily or permanently preventing its use.

Marriott

An international hotel and lodging company known for its wide range of accommodations and hospitality services.