Multiple Choice
Michael is a franchise restaurant owner.He has which of the following costs?
A) franchise fee to start plus a monthly royalty as a percentage of sales, plus other operational costs
B) a royalty to the franchisor calculated as a percentage of income plus other operational costs
C) his costs are the same as any other restaurant owner
D) his costs equal his sales, that is, the matching principle from accounting
Correct Answer:
Verified
Correct Answer:
Verified
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