Typically,the Franchiser Controls Are Very Tight on What the Franchisee

question 41

Multiple Choice

Typically,the franchiser controls are very tight on what the franchisee:

• A)does in terms of who they hire as employees.
• B)sets in terms of retail pricing and hours of operation.
• C)does with his/her net profits after fees and taxes are paid.
• D)sells in terms of the product or service they offer.

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Definitions:

Contract Law

Refers to the body of law that regulates the formation, enforcement, and interpretation of agreements between parties.

Criminal Law

The body of law that relates to crimes and prescribes the punishments for criminal acts.

Legal Responsibility

The obligation to adhere to both the laws of the land and the ethical standards set by society.

State Law

Laws enacted by individual states in the United States, as opposed to federal laws applicable nationwide.