Net Worth Is the Difference Between a Person's Assets and Their

question 35

True/False

Net worth is the difference between a person's assets and their liabilities.Net worth can be a positive number or a negative number.

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Definitions:

Franchising Agreement

A legal contract where a franchisor grants a franchisee the right to operate a business using the franchisor's trademark, product, and business model in exchange for fees.

Franchisor

A business entity that grants the rights to an individual or group to market its products or services in a specific territory under the business's brand and operating methods.

Franchisee

An individual or company that holds the rights to operate a business under the franchise's name and system.

Manager

A person responsible for controlling or administering all or part of a company or similar organization.