Which of the following is true of a franchise agreement made between a franchisor and a franchisee?
A. It directs the franchisor to spend significant time being visible in the new franchise operation, talking with employees, and making suggestions.
B. It commands the franchisee to make all significant changes in one day so as to alleviate any lingering concerns by the employees.
C. It is enforced at the federal level, and the jurisdiction lies with the federal court.
D. It contains clauses requiring the purchase of supplies and the displaying of marketing material.
Answer: D
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Joan works as a personal injury attorney, and her husband, Ali, is a consultant for a financial services firm. What particular type of ethical misconduct might they both be tempted to commit that is a common issue in, and somewhat unique to, their professions?
a. charging for unearned billable hours b. overusing unpaid internships c. dishonesty with clients d. colluding with competitors to guide the market
Discuss the main disadvantages of an acquisition.
What will be an ideal response?
The observation that consumers are generally more sensitive to price increases than to price decreases suggests that
A. firms gain more customers with price decreases than they lose with price increases. B. most consumers are emotionally attached to their favorite products and are unlikely to change, even if the price changes. C. most consumers cannot remember what price they paid the last time they bought a particular product. D. it is easier to lose customers with a price increase than to gain customers with a price decrease. E. most consumers would rather skip buying a product than pay a higher price.
Normally, a dissociated member of a limited liability company (LLC) has the right to have his or her interest in the LLC bought by the other members
a. True b. False Indicate whether the statement is true or false