A Franchise Myth Is That ________

question 15

Multiple Choice

A franchise myth is that ________.

• A) once the franchise is open, the franchisee has autonomy to run the business in what ever way he or she sees fit
• B) the owner needs to be hands on
• C) the franchise will only expect to be paid when the franchisee is profitable
• D) franchises fail at a rate higher than independently owned businesses

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Definitions:

Quarterly

Occurring or produced every quarter of a year (every three months).

Annual Interest Rate

The percentage of a sum of money charged for its use or paid to investors, calculated annually.

Logarithmic Equation

An equation that involves the logarithm of an expression equal to a value or another logarithm.

Compounded Monthly

Interest is compounded monthly when it is calculated and added to the principal sum of an investment or loan each month.