While franchises permit owners to choose their level of involvement in management, they are not immune to failure and do carry the same risks as other business ventures, hence the correct answer is option 2).Franchises offer a business model where a franchisee can purchase the rights to open and operate a business that is based on the franchisor's company model. In terms of operational involvement, franchises allow the owner to decide their level of involvement in day-to-day management. Each franchise is independently owned and the owner can choose to be hands-on or delegate daily management to employed managers.However, it's important to note that franchises are not guaranteed to be successful and can fail just like any other business. Any business venture carries risks; while franchises may benefit from an established brand and business system, they still face competition, market fluctuations, and other business challenges that could lead to failure. Thus, the correct answer is Franchises allow the owner to be removed from day-to-day management....

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