A document called the _____ is the accepted format for satisfying franchise disclosure requirements.
A) Franchise Disclosure Document
B) Franchise Offering Circular
C) Franchise Circular Agreement
D) Uniform Franchise Circular Agreement

Question

Quizplus · Accepted Answer

The Franchise Disclosure Document (FDD) is the accepted format for satisfying franchise disclosure requirements. This document contains all the pertinent information about a franchise opportunity and is required to be provided to prospective franchisees by the franchisor in order to comply with federal and state regulations. The FDD was formerly known as the Franchise Offering Circular (FOC) and is sometimes still referred to as such. The other answer choices are not correct formats for the FDD.

A Document Called the _____ Is the Accepted Format for Satisfying