Which of the Following Is an Example of Vertical-Market Application

question 11

Multiple Choice

Which of the following is an example of vertical-market application software?

• A)inventory tracking software for an automobile manufacturer
• B)Tally software that is used to maintain business and personal accounts
• C)Adobe suite, used by graphic designers
• D)Microsoft PowerPoint, used to create presentations

Understand the role of disclosure statements in franchising and the mandated requirements.

Recognize the financial commitments and obligations of franchisees, including fees and royalties.

Learn about the potential advantages and disadvantages of entering into a franchise business.

Understand the roles and responsibilities of franchisees and franchisors within the franchise agreement.

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Definitions:

Cooperatives

Organizations owned and operated by a group of individuals for their mutual benefit, where profits and decision-making are shared among members.

Incorporated

A business that has been formed into a legal corporation, providing its owners with limited liability.

Limited Liability Company (LLC)

An unincorporated business that is taxed like a partnership, with the members paying personal income taxes, and has the limited liability of a corporation.

Unincorporated

Referring to entities or businesses that have not formed or been recognized as a corporation under law.