What Federal Agency Requires That the Seller of a Franchise

question 30

Multiple Choice

What federal agency requires that the seller of a franchise give the potential buyer a Franchise Disclosure Document (FDD) and audited financial statements?

• A)the Securities and Exchange Commission (SEC)
• B)the Interstate Commerce Commission (ICC)
• C)the Federal Trade Commission (FTC)
• D)the Franchise Sales Commission (FSC)

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Definitions:

Liable

Legally responsible or obligated, often referring to the duty to compensate for harm or damage caused.

Blended Value Theorists

Individuals or scholars who advocate for combining social and financial returns in investment and organizational strategy.

Environmental Component

aspects of a project or plan that specifically relate to the natural environment, including considerations of sustainability and ecological impact.

Program Evaluation

A systematic method of collecting, analyzing, and using information to answer questions about projects, policies, and programs, particularly about their effectiveness and efficiency.