Which of the Following Is True About a Franchise

question 45

Multiple Choice

Which of the following is true about a franchise?

• A) It is one of the least common ways to get involved in a business.
• B) It runs under the franchisee's name and guidance.
• C) The franchise parent receives a flat fee from the franchisee.
• D) It makes use of things like opensource software, while containing costs, staying small, and keeping operations as simple as possible.
• E) It refers to a business in which material or goods are given to another person, but ownership is retained until the goods are sold.

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Definitions:

1913

The year marked by significant historical events, such as the establishment of the Federal Reserve System in the United States.

Four-Year Term

A period often associated with the duration of certain elected offices or specific agreements, notably used to denote the length of a presidential term in many countries.

Federal Reserve Act

The 1913 U.S. legislation that established the Federal Reserve System as the central banking authority, responsible for monetary policy and oversight of banks.

Established

Refers to something that has been in existence for a long time and is accepted by many or most people.