McDonald's Is an Example of a ________ Franchise

question 30

Multiple Choice

McDonald's is an example of a ________ franchise.

• A)conversion forms
• B)trade name
• C)product distribution
• D)pure

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Definitions:

Annual Instalment

Regular payments made once a year to pay off a debt or an obligation.

Financial Liability

A financial liability refers to the obligation to pay money to another party, typically arising from borrowing money, purchasing goods or services on credit, or other financial agreements.

Deferred Revenue

Money received by a company for goods or services which have not yet been delivered or performed.

Notes Payable

Short-term or long-term liabilities representing amounts owed to creditors, documented by promissory notes.