The Largest One-Day Drop in the Stock Market Occurred in 1987-A

question 389

True/False

The largest one-day drop in the stock market occurred in 1987-a 22% drop.

---

Definitions:

Franchising Costs

The various fees and investments required to start and operate a franchise, including initial franchise fees, ongoing royalties, and marketing expenses.

Monthly Royalty

Regular payments made, usually on a monthly basis, to an individual or organization for the use of property, particularly intellectual property like patents, copyrighted works, or trademarks.

Operational Costs

Expenses associated with the day-to-day operations of a business, including costs for materials, labor, and overhead.

Family-Owned Businesses

Enterprises that are owned and managed by one or more family members across generations.