QUESTION 10 Which of the following statements is true of franchisees? 1. They do not face any restrictions on purchasing. 2. They receive a monthly or annual fee from the franchisers. 3. They have unrestricted freedom in business decision. 4. They have to establish their own brand-name appeal from scratch. 5. They have access to standardized quality of goods and services. QUESTION 11 Which of the following statements is true of a business plan? 1. Small businesses do not need a business plan. 2. It does not have to be revised periodically, 3. Every business needs to mandatorily maintain a business plan as per government regulations. 4. It should establish a strategy for acquiring sufficient funds to keep a business going. 5. It is created to limit a business's flexibility and decision-making ability. QUESTION 14 A small business is any independently owned business that employs not more than 1.100 people. 2.500 3.300 4.200 5.20