A Franchise Should Be Thought of as

question 9

Multiple Choice

A franchise should be thought of as

• A) a type of business entity.
• B) a federally regulated business entity.
• C) a contractually based business entity.
• D) a method of conducting business.

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Definitions:

Incidence of Tax

The analysis of who bears the economic burden of a tax, considering how the tax affects the distribution of economic welfare.

Tax Burden

The impact of taxes on an individual or entity, measured by the total amount of tax payments relative to income or profits.

Rate Structure

The system or scheme of pricing established for services and goods, including the way different charges or tariffs are applied.