An arrangement by which one firm provides management in all or specific areas to another firm is:
A) a license.
B) a franchise.
C) a management contract.
D) all of the above.
E) two of A, B, and C.

Question

Quizplus · Accepted Answer

The description matches a management contract, which is an arrangement in which one firm provides management services (in all or specific areas) to another firm. A license refers to giving permission to use a certain product, while a franchise involves one company giving another company permission to operate using its established business model. Therefore, options A and B are not as fitting as option C.

An Arrangement by Which One Firm Provides Management in All