Which of the Following Is True of a Franchise

question 76

Multiple Choice

Which of the following is true of a franchise?

• A) It is the international term for all small businesses.
• B) It is a type of novelty organization.
• C) It is an organization that provides loans to start small businesses.
• D) It is a prepackaged business bought,rented,or leased from a company.

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Definitions:

Clinton

Refers to William Jefferson "Bill" Clinton, the 42nd President of the United States (1993–2001), known for his economic policies and being the second president to be impeached.

Compounded Monthly

Interest on an investment is calculated monthly and added to the principal sum, affecting future interest calculations.

Annual Rate

The interest rate for a period of one year, used to compare the yield of different financial products or investments.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for the loans they take from the central bank's discount window, also a factor in present value calculations.