Franchising Is Used Widely by ________

question 108

Multiple Choice

Franchising is used widely by ________.

• A)universities
• B)accounting firms
• C)restaurant chains
• D)electric power companies

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes due to a return or refund.

Credit for Returns

A reduction in sales revenue that occurs when customers return previously purchased products.

Discount Period

The timeframe during which a discount is available or the period between the receipt of a bill and its payment due date when a discount may be taken.

Full Settlement

A financial arrangement where a debtor pays a lump sum that is less than the total amount owed to fully settle the outstanding debt.