A ________ Is the Share of Profits or Percentage of Sales

question 196

Multiple Choice

A ________ is the share of profits or percentage of sales a franchisee pays to a franchisor.

• A) royalty
• B) dividend
• C) premium
• D) co-pay

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Definitions:

Appellate Jurisdiction

The authority of a higher court to review and amend the decision of a lower court.

De Novo Review

De Novo Review is a form of appeal in which the reviewing court considers the matter anew, as if it had not been heard before and no decision previously made.

Clearly Erroneous

A standard of review for an obvious mistake in judgment or procedure.

Cross-examination

A stage in a legal trial where one party questions a witness called by the opposing party to challenge the testimony given.