Franchising 002

Franchising 002

University - Professional Development

13 Qs

quiz-placeholder

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Franchising 002

Franchising 002

Assessment

Quiz

Business

University - Professional Development

Practice Problem

Hard

Created by

arvin tuazon

Used 2+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

This is a Franchise Rule wherein it is applies only to sales of franchises sales and not to business opportunity sales

Time to Deliver Disclosure Document

No International Application

Franchises and Business Opportunity Offers

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This is a franchise rule that Eliminates the requirement to provide disclosure at the first personal meeting and requires franchisors to provide disclosure at least 14 calendar days before the execution of the franchise agreement

No International Application

Time to Deliver Disclosure Document

Time to Deliver Disclosure Document

Liability of Third-Party Brokers and Franchisor Employees

3.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

This a franchise rule where the Franchisors and brokers are jointly and severally liable for the content of the FOC only if they either directly participated in drafting or were authorized to control the content

Liability of Third-Party

Liability of Third-Party

Time to Deliver Disclosure Document

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This is franchise rule that eliminates the contract review period entirely, unless the franchisor has materially altered the terms and conditions of the standard contract attached to the disclosure document and such changes were not requested by the prospective franchisee.

No International Application

Time to Deliver Disclosure Document

Pre-Signing Contract Review Period

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This is a franchise rule that must disclose _________by the franchisor to enforce franchise agreements.

Litigation by Franchisor against Franchisees

Uniform Franchise Offering Circular (UFOC) Guidelines

Earnings Claims

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

If a franchisee signed a contract containing a ________________ in the last 3 fiscal years, the franchisor must provide a statement alerting prospective franchisees to the fact that some franchisees may not be able to speak openly with prospects because of these clauses.

. Confidentiality Agreements

Financial Statements of Parent and Sub franchisor

Audited Financial Statements

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The following transactions are exempt from the Franchise Rule exept:

Petroleum marketer’s

Fast food chain

The large franchisee exemption

The large investment exemption

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