Which of the Following Best Describes a Business Format Franchise

question 21

Multiple Choice

Which of the following best describes a business format franchise?

• A)It is a broad franchise agreement in which a franchisee pays for the right to use the name, trademark, and production methods of a franchisor.
• B)It is a type of franchising arrangement in which a franchisor makes a product and licenses a franchisee to sell it.
• C)It is a type of franchising arrangement in which a franchisor shares ownership with a franchisee by selling a number of its shares.
• D)It is a broad franchising agreement in which a franchisee pays a franchisor for the right to use the production methods of the franchisor and functions under a different name and identity.

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Definitions:

Charter Of Rights And Freedoms

A foundational document in Canada that guarantees fundamental freedoms and rights to all Canadians.

Federal Jurisdiction

The legal authority granted to federal governments to legislate and enforce laws in certain areas, often differing from state or local jurisdictions.

Discrimination Complaints

Formal grievances raised by individuals who believe they have experienced unfair treatment based on illegal discrimination.

Human Rights Tribunal

A specialized body designed to hear and resolve complaints related to discrimination and violations of human rights.