Which of the Following Is True of the Liabilities of a Franchisor

question 65

Multiple Choice

Which of the following is true of the liabilities of a franchisor and a franchisee?

• A) The franchisor is not liable for any tort arising out of the franchise.
• B) Both franchisee and franchisor are jointly liable for torts committed by either.
• C) Franchisees are only liable on their own contracts.
• D) Franchisors are always liable for the torts of the franchisees.

Calculate the deadweight loss resulting from the imposition of a tax.

Analyze the effects of tax on buyers and sellers in terms of price changes.

Determine how the elasticity of demand and supply influences the distribution of tax burdens and deadweight loss.

Interpret graphical representations of supply and demand to assess the impacts of taxation.

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Definitions:

Overwhelmed by Sadness

Experiencing an intense feeling of deep unhappiness to a degree that might interfere with one’s daily activities or mental well-being.

Need for Achievement

A psychological trait that drives an individual to pursue and attain success, competence, and significant accomplishment in their endeavors.

Task Difficulty

The level of challenge presented by a task, which can affect an individual's performance and the amount of effort required to complete it.

Moderately Difficult Job

A job that presents a balanced challenge, requiring skill and effort but still within an individual's capability to accomplish successfully.