What are the steps a prospective franchisee must take in order to acquire a franchise? What properties are generally licensed by franchisors?
What will be an ideal response?
A prospective franchisee must apply to the franchisor for a franchise. The franchise application often includes detailed information about the applicant's previous employment, financial and educational history, credit status, and so on. If an applicant is approved, the parties enter into a franchise agreement that sets forth the terms and conditions of the franchise. Franchise agreements do not usually have much room for negotiation. A franchisor's ability to maintain the public's perception of the quality of the goods and services associated with its trade name, trademarks, and service marks is the essence of its success. Most franchisors license the use of their trade names, trademarks, and service marks to their franchisees. Franchisors are often owners of trade secrets, including product formulas, business plans and models, and other ideas. Franchisors license and disclose many of their trade secrets to franchisees.
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Which of the following best represents a walkthrough?
a. The controller reviews the bank reconciliation prepared by the accountant and its resulting journal entries. b. The auditor walks the production line to find inefficiencies in the inventory process and reports them to management. c. The controller takes a sample of recorded write-offs to ensure they have been properly approved. d. The auditor traces three purchasing transactions from the purchase order to the financial statement for observation and understanding.
In which of the following situations should a whistleblower not try to file a suit under the False Claims Act?
a. The information about the fraud comes from a private, nonpublic source. b. The whistleblower has specific knowledge of tax fraud by her company. c. The fraud only involves federal money. d. The fraud involves a very high sum of money, in the millions of dollars.
When implementing TQM, an organization should establish long-term relationships with preferred suppliers
Indicate whether the statement is true or false
A network consists of the activities in the following list. Times are given in weeks
Activity Preceding Time A -- 8 B -- 3 C A 7 D A, B 3 E C 4 F D 6 a. Draw the network diagram. b. Calculate the ES, EF, LS, LF, and Slack for each activity. c. What is project completion time?