True or False: Both a general partnership and a sole proprietorship expose the owners to unlimited liability for all of the business's debts.

True or false: Some franchisors charge a flat rate fee in lieu of a royalty fee (on a pre-determined, regular basis).

If you want to open a franchise, you:

a. Should be comfortable with and passionate about the industry you're investing in.

b. Will almost always pay royalty fees to the franchisor.

c. Will pay a one-time franchise fee to the franchisor.

d. All of the above

Marketing your goods or services via email to existing and/or prospective customers is _____, as it electronically conducts a business process.

a.E-commerce

b.E-business

c.E-servicing

d.None of the above.

___________ is something that every franchisor is required by law to give prospective franchisees before any offer or sale of a franchise.

a.A statement of the franchise earnings

b.The expected expenditures for each franchise

c.A franchise disclosure document

d.The franchise termination date