Which of the Following Statements About Franchises Is Correct

question 205

Multiple Choice

Which of the following statements about franchises is correct?

• A) Franchises are privileges granted by a government to use public property in performing services.
• B) The acquisition cost of a franchise is always amortized over its legal life.
• C) Franchises are privileges granted by a business to sell goods or services under specified conditions.
• D) The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined.

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Definitions:

Bacteria

Microscopic, single-celled organisms with a wide range of functionalities, from causing disease to aiding in digestion and nutrient cycling.

Viruses

Microscopic infectious agents that replicate only inside the living cells of organisms, leading to various diseases in plants, animals, and humans.

Fossils

The preserved remains or traces of organisms from the past, embedded in rocks and other materials, providing insight into the history of life on Earth.

Evolution

The procedure through which multiple life forms are presumed to have evolved and become more varied from earlier species throughout the history of the planet.