Examlex

Solved

The Acceptable Standards or Expectations That Are Shared by Group

question 29

Multiple Choice

The acceptable standards or expectations that are shared by group members are referred to as ________.


Definitions:

Distributorship

A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.

Franchisor

A person or company that grants the license to a third party for the conducting of a business under the franchisor's marks and methods.

Exclusive Territory

A designated geographic area where a specific party has the exclusive right to operate, sell, or perform services.

Manager-managed LLC

A form of Limited Liability Company (LLC) where management responsibilities are assigned to designated managers rather than all members.

Related Questions