Try to answer these 20+ Franchising in small business MCQs and check your understanding of the Franchising in small business subject. Scroll down and let's begin!
A. Incomplete method
B. Limited method
C. Entire method
D. All of the above
A. Cash flow statement
B. Profit-and-Loss Statement
C. Disclosure Statements
D. None of them
A. True
B. False
A. True
B. False
A. True
B. False
A. Product
B. Service
C. Both a and b
D. None of them
A. One time payment
B. Yearly payment
C. 10 Years of payments
D. None of them
A. Develops a product
B. Business process
C. Sells the rights
D. All of them
A. Purchase the products of the franchisor
B. Use the franchisor’s name
C. Both a and b
D. None of them
A. Gross profit
B. Gross sales
C. Net sales
D. Net Profit
A. Franchisor
B. Franchisee
C. Company of origin
D. Opening company
A. Efficiency
B. Financial assistance
C. Professional guidance
D. Proven product
A. Customer
B. Employee
C. Franchisor
D. Franchisee
A. Product-distribution franchise
B. Business-format franchise
C. Dealership franchise
D. Logo franchise
A. Franchise agreement
B. Disclosure statement
C. Contract
D. Business obligation
A. Gasoline stations
B. Soft-drink bottlers
C. Car dealerships
D. Fast-food restaurants and lodging establishments
A. Controlled expansion
B. Franchise fees
C. Bulk purchasing
D. Advertising costs
A. Indefinitely
B. From 1 to 5 years
C. From 15 to 20 years
D. From 5 to 15 years
A. International Franchise Association
B. American Franchisee Association
C. American Association of Franchisees and Dealers
D. Global Franchise Association
A. Recognized standards
B. Marketing expertise
C. Efficiency
D. Professional guidance
A. Before beginning operations
B. Within one month of beginning operations
C. Within six months of beginning operations
D. Within one year of beginning operations
A. Recognized standards
B. Marketing expertise
C. Efficiency
D. Professional guidance
A. Disclosure statement
B. Franchise agreement
C. Franchise contract
D. Purchase agreement
A. Franchise agreement
B. Franchise fee
C. Royalty fee
D. Initial investment fee
A. Profit sharing
B. Disputes with franchisees
C. Loss of control
D. Communication breakdowns
A. Folded
B. Internalized
C. Cooperative
D. Piggyback.