chap 5 quiz.docx

chap 5 quiz.docx - Question 1 1 out of 1 points A...

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Question 1 1 out of 1 points A contractual license to operate a business as a licensee of another company is a(n) _______. Selected Answer: franchise Answers: franchisee franchisor franchise franchise prospectus Question 2 1 out of 1 points _______ is a type of franchising in which the franchisee adopts the franchisor's entire method of operation, also referred to as a turnkey operation. Selected Answer: Business format Answers: Product Trade name Distribution Business format Question 3 1 out of 1 points The major trade association of franchising is the _______. Selected Answer: International Franchise Association Answers: American Franchise Association International Franchise Association American Association of Franchises and Dealers Global Franchise Association Question 4 1 out of 1 points Leith Honda is a(n) _______ franchise. Selected Answer: product distribution Answers: product distribution business format service format multiple site format
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Question 5 1 out of 1 points The royalty fee is determined as a _______. Selected Answer: percentage of total revenue Answers: percentage of total revenue percentage of operations earnings percentage of earnings after taxes percentage of earnings before taxes set amount Question 6 1 out of 1 points The franchise fee is determined as a _______.
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