Ralph Is Interested in Buying a Franchise from Sparkle Beverages

question 47

Multiple Choice

Ralph is interested in buying a franchise from Sparkle Beverages Inc. For Ralph to make an informed decision concerning this purchase,Sparkle Beverages must disclose in writing or in electronic form

• A)general estimates of costs and sales,but not the basis for them.
• B)material facts such as the basis of projected earnings figures.
• C)no information.
• D)start-up requirements,but not renewal conditions.

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Definitions:

Finance

Planning, obtaining, and managing a company’s funds to accomplish its objectives as effectively and efficiently as possible.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.

Accounting

Process of measuring, interpreting, and communicating financial information to support internal and external business decision making.