Which of the Following Is True of a Franchise

question 40

Multiple Choice

Which of the following is true of a franchise?

• A) The franchisor and franchisee are established as separate legal entities.
• B) A franchisee does not need a license to use the franchisor's trademark.
• C) The franchisee does not have access to the franchisor's knowledge.
• D) A franchise is considered a joint venture.

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Definitions:

Multiple-hurdle Model

A selection process in which an applicant must successfully pass a series of tests or criteria to move to the next stage of evaluation.

Employment Tests

Assessments used by employers to evaluate a candidate's qualifications, skills, or suitability for a specific job or role.

Broad Categories

General or wide-ranging classifications used to organize content, ideas, objects, or phenomena into groups.

Human Resource Planning

Identifying the numbers and types of employees the organization will require in order to meet its objectives.