Exam 31: Franchise and Special Forms of Business

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The ________ set out in a franchise agreement-such as the franchisor's right to make periodic inspections of the franchisee's premises and operations-are intended to protect the franchisor's name and reputation.

(Multiple Choice)

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Question 41

Trade secrets qualify for copyright protection.

(True/False)

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Question 42

Franchisees and franchisors are always liable for the contracts or torts of each other.

(True/False)

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Question 43

Fun Toons is a publisher of comic books.It grants the Daily Beacon,a newspaper,the rights to use a few of their popular comic strips for the paper's weekend edition for a high fee.In this instance,the Daily Beacon is the ________.

(Multiple Choice)

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Question 44

A franchise is established when one party licenses another party to use the franchisor's trade name,trademarks,commercial symbols,patents,copyrights,and business model in the distribution and selling of goods and services.

(True/False)

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Question 45

Which of the following does the FTC franchise rule require from franchisors?

(Multiple Choice)

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Question 46

A party who grants a license is called the licensee.

(True/False)

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Question 47

Which of the following closely resembles a joint venture?

(Multiple Choice)

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Question 48

Which of the following is true of a franchise agreement?

(Multiple Choice)

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Question 49

A ________ is a symbol,name,word,motto,or device that identifies the goods or services of a particular franchisor.

(Multiple Choice)

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Question 50

A(n)________ is established when one party licenses another party to use the first party's trade name,trademarks,commercial symbols,patents,copyrights,and other property in the distribution and selling of goods and services.

(Multiple Choice)

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Question 51

The Uniform Franchise Offering Circular (UFOC)satisfies both state regulations and the FTC.

(True/False)

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Question 52

Most franchise agreements permit a franchisor to terminate the franchise at-will.

(True/False)

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Question 53

A royalty fee is a fee for such things as advertising and promotional campaigns and administrative costs.

(True/False)

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Question 54

How does the Federal Trade Commission regulate projections made by franchisors to prospective franchisees?

(Essay)

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Question 55

A(n)________ fee is a fee for such things as advertising and promotional campaigns and administrative costs.

(Multiple Choice)

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Question 56

An apparent agency is created when a franchisor leads a third person into believing that the franchisee is its agent.

(True/False)

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Question 57

The Uniform Franchise Offering Circular refers to a uniform disclosure document that requires a franchisee to make specific presale disclosures to prospective franchisors.

(True/False)

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Question 58

Rio-Werner Corporation owns Rio's Sandwiches,a fast-food restaurant in New Jersey.It wants to operate in five cities on the west coast by means of franchisees which make and sell all menu items from Rio's Sandwiches.Which of the following would best suit the Rio-Werner Corporation's franchise plan?

(Multiple Choice)

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Question 59

Which of the following is true of a strategic alliance?

(Multiple Choice)

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Question 60

Showing 41 - 60 of 100

Exam 31: Franchise and Special Forms of Business

The ________ set out in a franchise agreement-such as the franchisor's right to make periodic inspections of the franchisee's premises and operations-are intended to protect the franchisor's name and reputation.

Trade secrets qualify for copyright protection.

Franchisees and franchisors are always liable for the contracts or torts of each other.

Fun Toons is a publisher of comic books.It grants the Daily Beacon,a newspaper,the rights to use a few of their popular comic strips for the paper's weekend edition for a high fee.In this instance,the Daily Beacon is the ________.

A franchise is established when one party licenses another party to use the franchisor's trade name,trademarks,commercial symbols,patents,copyrights,and business model in the distribution and selling of goods and services.

Which of the following does the FTC franchise rule require from franchisors?

A party who grants a license is called the licensee.

Which of the following closely resembles a joint venture?

Which of the following is true of a franchise agreement?

A ________ is a symbol,name,word,motto,or device that identifies the goods or services of a particular franchisor.

A(n)________ is established when one party licenses another party to use the first party's trade name,trademarks,commercial symbols,patents,copyrights,and other property in the distribution and selling of goods and services.

The Uniform Franchise Offering Circular (UFOC)satisfies both state regulations and the FTC.

Most franchise agreements permit a franchisor to terminate the franchise at-will.

A royalty fee is a fee for such things as advertising and promotional campaigns and administrative costs.

How does the Federal Trade Commission regulate projections made by franchisors to prospective franchisees?

A(n)________ fee is a fee for such things as advertising and promotional campaigns and administrative costs.

An apparent agency is created when a franchisor leads a third person into believing that the franchisee is its agent.

The Uniform Franchise Offering Circular refers to a uniform disclosure document that requires a franchisee to make specific presale disclosures to prospective franchisors.

Rio-Werner Corporation owns Rio's Sandwiches,a fast-food restaurant in New Jersey.It wants to operate in five cities on the west coast by means of franchisees which make and sell all menu items from Rio's Sandwiches.Which of the following would best suit the Rio-Werner Corporation's franchise plan?

Which of the following is true of a strategic alliance?

Legal Heritage and the Digital Age

Constitutional Law for Business and E-commerce

Courts and Jurisdiction

Judicial Alternative Administrative and E-Dispute Resolution

Intentional Torts and Negligence

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System and Electronic Financial Transactions

Credit, Real Property Financing, and Secured Transactions

Bankruptcy and Reorganization

Agency law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Investor Protection, E-Securities, and Wall Street Reform

Antitrust Law and Unfair Trade Practices

Consumer Safety and Environmental Protection

Labor, Worker Protection, and Immigration Laws

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Duties and Liability

International and World Trade Law

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