A franchise is a special kind of license which grants the rights to use trade marks, trade

American Depositary Receipts (ADRs) are denominated in U.S. dollars and traded on U.S. security exchanges. but track the performance of a foreign corporation

Indicate whether the statement is true or false.

Raul was a fitness fanatic. If he wasn't out for a run or a bike ride, he was at the gym lifting weights and building muscle. He decided to open a fitness studio, thinking he would be a natural at running such a business

But Raul hadn't counted on the responsibility of keeping records, meeting IRS deadlines, withholding taxes from employees' paychecks, and so on. The business didn't generate enough revenue for Raul to afford to hire someone to take care of these issues for him. Raul had to close the business. Which of the drawbacks of being a sole proprietorship did Raul experience? A) having unlimited financial liability B) having limited financial resources and few fringe benefits C) having management problems D) being unable to franchise E) not being able to sell or pass along the business