Which of the Following Is NOT the Form of Franchising

question 24

Multiple Choice

Which of the following is NOT the form of franchising?

• A) Trade name franchising
• B) Business format franchising
• C) Conversion franchising
• D) Diversion franchising

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Definitions:

Periodic Method

An inventory accounting method where updates to the inventory records are made periodically, typically at the end of the accounting period.

Merchandise Inventory

Goods available for sale, reported as a current asset on a company's balance sheet.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and profits.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.