When the franchisor and the franchisee have an ongoing relationship that includes services such as site selection, training, product supply, and marketing plans this is known as _________________________ franchising.
Fill in the blank(s) with the appropriate word(s).
business format
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An auditor most likely would limit substantive tests of sales transactions when control risk is assessed as low for the existence or occurrence assertions concerning sales transactions and the auditor has already gathered evidence supporting:
A. opening and closing inventory balances. B. cash receipts and accounts receivable. C. cutoffs of sales and purchases. D. receiving activities.
Neville Co issued 20-year term bonds at a discount in 20x5. Interest is payable semiannually. Which of the following statements is true, assuming that the effective interest method of amortization is used for the bond discount?
A) Interest expense decreases each six-month interest period. B) Interest expense as a percentage of the bond's book value changes from period to period. C) Interest expense increases each six-month interest period. D) Interest expense remains constant in amount for each interest period.
According to the public use doctrine for patents, ________
A) a patent will not be granted if the invention was already in public use for more than a year prior to the filing of the patent application B) an invention cannot be used in the public domain prior to it being granted a patent C) the inventor has to test his invention in the public domain, to measure its validity, before being granted a patent D) the invention will come into the public domain once its term period has expired
Delilah's previous manager every year developed and given her a list of performance goals for the upcoming year, and then proceeded to criticize her for not fully achieving her previous year's goals-goals that he had developed and given to her. And, in fact, Delilah was not always motivated to achieve all of the goals that her previous manager had prescribed for her. But Delilah's new manager was a breath of fresh air. Delilah told her roommate, "My new manager lets me participate in goal-setting for my work and, as a result,
A. I am able to find ingenious ways to set easy goals and convince my manager that they are difficult." B. I find ways to meet goals simply to receive a reward." C. we develop goals that do not necessarily contribute to the company's success." D. we set goals that are so challenging as to be unattainable." E. we tend to generate goals that I accept and pursue willingly."