Multiple choice

John opens a McDonalds in Casselton. This is an example of:

  1. Sole Proprietorship

  2. Corporation

  3. Partnership

  4. Franchise

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A franchise is a business model where an individual pays for the right to use a parent company's name, products, and business system. John is operating a McDonald's, which is a classic example of this arrangement.