The duty imposed on a franchisor when dealing with the franchisee is
A) a duty of good faith
B) a fiduciary duty
C) a duty of honour
C) a very low standard because both sides are business people, it is not a consumer contract
E) only the duty that the two parties negotiated and stated in the contract
A
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An exogenous construct is represented in an structural path model as a box with one-headed arrows going into it
Indicate whether the statement is true or false
What does the accountant need to know to calculate unit cost?
A) materials cost plus overhead B) the output for a period and the manufacturing costs for the department for that period C) conversion costs and prime costs D) total units produced by all departments
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the total direct labor cost variance for the month was:
A. $1,200 unfavorable B. $2,450 unfavorable C. $1,200 favorable D. $3,650 favorable E. $2,450 favorable
Which of the following statements about performance appraisal is false?
A. It is an exact, human process. B. It is a feedback process. C. It is a measurement process. D. It is an exercise in observation and judgment.