What federal agency requires that the seller of a franchise give the potential buyer an offering circular and audited financial statements?
a. The Securities and Exchange Commission (SEC).
b. The Interstate Commerce Commission (ICC).
c. The Federal Trade Commission (FTC).
d. The Franchise Sales Commission (FSC).
c
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What is the purpose(s) of the stock release document?
Congress has established thirteen judicial circuits (twelve numbered circuits plus the District of Columbia circuit), each having a court known as the Court of Appeals
a. True b. False Indicate whether the statement is true or false
Which of the following is included in the denominator of the acid-test ratio?
A) total current liabilities less accounts payable B) total liabilities C) total current liabilities D) total current assets
A tax tied to a requirement to keep detailed records of explosives sales:
a. rewards businesses that make explosives b. protects businesses that make explosives c. keeps explosives sales under close federal supervision d. prevents explosives sales from being under federal supervision e. none of the other choices are correct