The Document That Consummates the Sale of a Franchise Is

question 52

Multiple Choice

The document that consummates the sale of a franchise is called the ________.

• A) franchise disclosure document
• B) franchise agreement
• C) license agreement
• D) uniform franchise contract
• E) franchise circular

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Definitions:

Delivery Service Revenue

Income earned from providing delivery services to customers, part of operating revenue for businesses in the delivery industry.

Packing Supplies

Materials used for wrapping or protecting goods during shipment or storage, recognized as part of inventory costs in business accounting.

Journal Entries

The recordation of financial transactions in a company’s accounting system that involves at least one debit and one credit entry.

Net Profit Margin

A financial ratio that shows the percentage of profit a company generates from its revenues.