Author Question: The Federal Trade Commission requires franchisors to A) give prospective franchisees a franchise ... (Read 124 times)

storky111 · **on:** Jun 24, 2018

The Federal Trade Commission requires franchisors to
A) give prospective franchisees a franchise disclosure document at least 14 business days prior to the signing of a contract or payment of any money.
B) give prospective franchisees earnings information on the company.
C) disclose any litigation the company has ever been involved in.
D) let prospective franchisees know how many franchisees have gone out of business in the prior five years.

Question 2

An organization that does not pay income tax on its profits but passes them through to its owners who pay the tax at their individual rates is called a
A) business corporation.
B) flow-through tax entity.
C) tax-free business venture.
D) professional corporation.