Which of the Following Is a Form of Franchising

question 164

Multiple Choice

Which of the following is a form of franchising?

• A) Direct investing
• B) Licensing
• C) Exporting
• D) Countertrade
• E) Barter trade

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Definitions:

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts and reflect the true financial status at the end of an accounting period.

Sales

Revenue generated from goods or services transacted by a company.

Product Warranty

A guarantee provided by a seller that a product will meet certain performance and quality standards or will be repaired or replaced within a certain period.

Warranty Repairs

Services provided to repair or replace products that fail to meet certain standards or conditions specified in a warranty agreement.