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In which of the following types of franchise does a franchisor provide a secret formula or process to the franchisee?

A) chain-style franchise B) area franchise C) distributorship franchise D) processing plant franchise

To be considered an investment asset, an item

A) must be purchased for the specific purpose of providing additional income or increasing net worth. B) must be a stock, a bond, or a savings account. C) must be intangible. D) must be owned free and unencumbered by a loan.