An Individual or Organization Granting a License to Operate an Individually

question 212

Multiple Choice

An individual or organization granting a license to operate an individually owned business as though it were part of a chain of outlets or stores is a(n)

• A) franchise.
• B) franchisor.
• C) franchisee.
• D) venture capitalist.
• E) entrepreneur.

---

Definitions:

Empirical Evidence

Evidence that is based on observation, experience, or experiment; not just theory or opinion. This makes it science-based.

Critical Period

A specific time during development when the presence or absence of certain experiences has a profound influence on the formation of abilities or characteristics.

Inherited Genetically

Refers to traits or characteristics passed down from parents to offspring through genes.

Lifespan Perspective

An approach in psychology that examines human development, growth, and change across the entire lifespan, from birth to death.