Which of the Following Is a Significant Drawback of Getting

question 99

Multiple Choice

Which of the following is a significant drawback of getting into business by entering into a franchise arrangement?

• A) The initial cost of most well-known franchises can be quite inexpensive.
• B) It is less difficult to get out of than other forms of business ownership.
• C) The owner must pay an on-going royalty to the franchiser.
• D) A franchisee has more independence and flexibility than the owner of a business that is started from scratch.

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Definitions:

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Second-Order Model

A second-order model in statistics or mathematics represents relationships where the effect of variables is not just linear but can also include squared terms or interactions between variables.

Predictor Variable

Also known as the independent variable, it is used in statistical models to predict the outcome of a dependent variable.

Response Surface

A graphical representation of how a response variable relates to two or more explanatory variables in an experiment.