Which of the Following Is True About Franchising

question 35

Multiple Choice

Which of the following is true about franchising?

• A) From a government perspective, franchising replaces exports and export jobs.
• B) From a recipient-country view, franchising requires substantial outflow of foreign exchange.
• C) Typically, there is no need for standardization in franchising.
• D) A key concern of franchising is the issue of selection and training of franchisees.

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Definitions:

FICA Tax

A United States federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.

Social Security

A government system that offers financial assistance to people in the form of retirement benefits, disability income, and other payments.

Medicare

A federal health insurance program in the United States for people aged 65 and over, as well as for some younger people with disabilities.

Payroll Deductions

Amounts subtracted from an employee's gross salary for taxes, insurance premiums, benefits, and other payroll-related charges.