Caron Signed a Contract with Devon Allowing Her to Provide

question 77

Multiple Choice

Caron signed a contract with Devon allowing her to provide services using Devon's trademark,logo,and business model.This business is:

• A)a franchise.
• B)a franchisor.
• C)a franchisee.
• D)an independent business.

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Definitions:

Publicly Traded Corporations

Companies whose shares are offered for sale to the general public through a stock exchange.

State

A politically organized body of people usually occupying a definite territory; especially one that is a constituent of a federal republic like the USA.

No-Par Shares

Stocks issued without a par value, meaning the company does not assign a formal value to them, but they still represent ownership in the company.

Shareholder

An individual or organization that owns shares in a corporation and has potential voting rights.