1. Stephanie Lynn Arriagas Vocabulary Power Point Mrs. Kilgore

2. Franchising is the practice of using another firm's successful business model.

3. Franchisor one that grants a franchise

4. Franchisee The party in a franchising agreement that is purchasing the right to use a business's trademarks

5. Apprenticeship system of training a new generation of practitioners of a skill. Apprentices

6. an employment arrangement where typically two people are retained on a part-time or reduced-time basis to perform a job

7. Net Pay remaining amount after deductions from the gross salary, where net means ultimate

8. Deductions in logic: Deductive reasoning, inference in which the conclusion is of no greater generality than the premises

9. Gross Pay The total of an employee's regular remuneration including allowances, overtime pay, commissions, and bonuses, and any other amounts

10. Exemptions Various tax systems grant a tax exemption to certain organizations, persons, income, property or other items taxable under the system

11. Allowances An amount that is allowed or granted