Payments on Installment Notes Normally Include Accrued Interest Plus a Portion

question 17

True/False

Payments on installment notes normally include accrued interest plus a portion of the principal amount borrowed.

Understand the strategic advantages of franchising for business expansion.

Realize the role of industry associations in franchising.

Discern the impact of franchises on standardization and market reach.

Understand the concept of economizing scale in franchising and its sources.

---

Definitions:

Premises

Statements or propositions upon which an argument is based or from which a conclusion is drawn.

Claims

Statements or assertions made about a belief, policy, or proposition that are typically supported by evidence and reasoning.

Application Condition

Specific circumstances or requirements under which a theory, principle, or rule is applied or implemented.

Acceptance Condition

Criteria required to be met in order for an offer or proposal to be accepted.