According to the text, it is typically easier for new businesses to change their business model because new businesses ______.
a. have the capital to fund business model changes
b. have more changeable business models
c. tend to be more open to change
d. tend to be smaller and more agile
d. tend to be smaller and more agile
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The Federal Trade Commission requires franchisors to
A. give prospective franchisees a franchise disclosure document at least 14 business days prior to the signing of a contract or payment of any money. B. give prospective franchisees earnings information on the company. C. disclose any litigation the company has ever been involved in. D. let prospective franchisees know how many franchisees have gone out of business in the prior five years.
Dickson (2000) traces the source of organizational culture to which of the following three aspects?
a. characteristics of the industry, characteristics of the society within which the organization is located and the symbolism of the organization b. characteristics of the industry, characteristics of the society within which the organization is located and the values and beliefs of the employees c. characteristics of the industry, characteristics of the society within which the organization is located and the values and beliefs of the founding leaders d. none of these
Contractual capacity includes the financial ability to pay for the benefits of a contract
Indicate whether the statement is true or false
Which of the following are agency costs?
I. Forgoing an investment opportunity which would add to the market value of the owner's equity II. Paying a dividend to each of the existing shareholders III. Purchasing new equipment which increases the value of each share of stock IV. Hiring outside auditors to verify the accuracy of the company financial statements A) I and III only B) I and IV only C) II and III only D) II and IV only E) I, II, and IV only