What Are H&R Block,Midas Muffler,and Subway All Examples Of

question 5

Multiple Choice

What are H&R Block,Midas Muffler,and Subway all examples of?

• A) business format franchisees
• B) licensed franchisers
• C) relationship franchisees
• D) product and trade name franchisees

---

Definitions:

Nominal Interest Rate

The stated annual interest rate on which the compound-interest calculation is based.

Annually Compounded

Interest on an investment that is calculated once a year on both the initial principal and the accumulated interest from previous periods.

Nominal Rate

The annual interest rate not adjusted for inflation or the compounding of interest.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada.