Which of the Following Statements About Franchises Is Correct

question 80

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 qualified conditions.
• D)The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined.

Analyze the concept and sustainability of competitive advantage.

Grasp the principles of business planning and forecasting.

Compare the levels of social responsibility in businesses.

Define competitive advantage and its core concepts.

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Definitions:

Technological Change

The innovation or development in technology, significantly altering the way society functions or individuals interact.

Plastic Water Bottles

Containers made from plastic materials used for holding and carrying water; often criticized for their environmental impact.

Environmental Problem

An issue arising from human activities or natural processes that negatively impacts the natural environment, leading to ecological imbalance or degradation.

Demographic Transition

A model describing how the birth and death rates in a population change from high to low levels as a country develops economically.