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.

Recognize the role of cultural and parental practices in racial, ethnic, and sexual identity development.

Identify different identity statuses according to Marcia’s theory.

Examine the differences in self-esteem between genders and the factors influencing these differences.

Comprehend the determinants and implications of sexual orientation.

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Definitions:

Proportionate Consolidation Method

An accounting method where an investing entity records its share of the assets, liabilities, income, and expenses of an associate or joint venture.

Assets and Liabilities

Assets are resources owned by a company expected to provide future benefits, and liabilities are obligations a company owes to outside parties.

Fair Market Value

The price at which an asset would change hands between a willing buyer and a willing seller, not under compulsion and both having reasonable knowledge of the relevant facts.

Acquisition Differential

The excess of the cost of acquisition over the fair value of the net assets acquired in a business combination, often attributed to intangibles like goodwill.