
EST Revision quiz
Authored by Lenka Bassham
Social Studies
12th Grade
Used 16+ times

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63 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a franchise?
A type of investment account
A type of legal contract
A type of government agency
A type of sports team
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three main types of franchises?
Automotive, fast food, and retail
Service, product, and investment
Business format, product distribution, and management
Single-unit, multi-unit, and master franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a franchise agreement?
A document outlining the terms of the franchise relationship
A legal document outlining the terms of a loan
A document outlining the terms of a lease agreement
A document outlining the terms of an employment contract
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the benefits of owning a franchise?
Independence and creative freedom
Reduced risk and established brand recognition
Lower costs and greater flexibility
Control over product development and marketing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the drawbacks of owning a franchise?
High costs and limited flexibility
Limited support and resources from the franchisor
High risk and uncertain return on investment
No access to established brand recognition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the franchise fee?
The fee paid to the franchisor for the right to use the franchise system
The fee paid to the franchisee for providing training and support
The fee paid to the government for registering a franchise agreement
The fee paid to a lawyer for reviewing a franchise agreement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the royalty fee?
The fee paid to the franchisor for marketing and advertising expenses
The fee paid to the franchisee for providing products or services
The fee paid to the government for licensing the franchise system
The fee paid to the franchisor for ongoing use of the franchise system
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