A Fast Food Chain Offers a Contractual Business Arrangement in Various

question 91

Multiple Choice

A fast food chain offers a contractual business arrangement in various countries around the world.This fast food chain will be an example of a(n) international _____.

• A)franchise
• B)acquisition
• C)merger
• D)not-for-profit corporation

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Definitions:

Debtor

An individual or organization that owes money to another entity.

State Rules

State rules refer to the laws, regulations, and guidelines established by individual states within a country, governing various aspects of life and business within those states.

Bankruptcy Proceedings

Legal processes through which individuals or entities unable to meet financial obligations can seek relief from some or all of their debts.

Certified Mail

A postal service that provides the sender with a mailing receipt and electronic verification that an article was delivered or attempted to be delivered.