An Individual or Organization Granting a License to Operate an Individually

question 212

Multiple Choice

An individual or organization granting a license to operate an individually owned business as though it were part of a chain of outlets or stores is a(n)

• A) franchise.
• B) franchisor.
• C) franchisee.
• D) venture capitalist.
• E) entrepreneur.

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Definitions:

Total Discount

The complete reduction in price applied to a product or service, which could include various forms of discounts such as trade, quantity, or promotional discounts.

Total Premium

The total amount paid above the nominal or face value for a security or insurance policy.

Contract Rate

The periodic interest to be paid on the bonds that is identified in the bond indenture; expressed as a percentage of the face amount of the bond.

Market Rate

The current price in the marketplace at which an asset can be bought or sold.