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If the negligence of the franchisee causes harm to a third person, the franchisor is not liable because the franchisee is an independent contractor.
Fourth Quarter Earnings
The financial performance of a company in the final quarter of its fiscal year, often used as an indicator of annual performance.
Beta
A financial metric that measures the volatility of a stock or portfolio in comparison to the market as a whole.
Annualized Return
The geometric average amount of money earned by an investment each year over a given time period, often used to compare the performance of investments with different time horizons.
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