A Public Franchise

question 128

Multiple Choice

A public franchise

• A)is a corporation that is owned by stockholders.
• B)results from ownership of a key raw material.
• C)is a government designation that a private firm is the only legal producer of a good or service.
• D)is an unregulated monopoly necessary for the public good.

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Definitions:

Interest Free

Describes a loan or credit arrangement that does not require the borrower to pay interest on the borrowed amount.

Short Term Debt

Refers to any financial obligation that is due for repayment within one year.

Interest Rate

The portion of a loan subject to interest fees for the borrower, typically indicated as an annual percentage of the remaining loan principal.

Paid Now

A term indicating an immediate payment or settlement of a transaction.