Jake wants to open a Subway franchise in his small town. To do this, he must pay the company a ________ fee
A) slotting
B) title
C) royalty
D) merchandising
E) residual
C
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Which of the following terms best describes the assumption made in applying the four inventory methods?
a. Cost flow b. Goods flow c. Asset flow d. Physical flow
Which of the following price adjustment strategies offers a price reduction to buyers who pay their bills promptly?
A) cash discount B) season discount C) quantity discount D) trade discount E) functional discount
Cornell is beginning to feel better about his group for his communication class. They are getting past their initial conflicts and have begun to feel more cohesive and prepared to take on their group assignment. In what stage of group development is Cornell’s group?
a. forming b. storming c. norming d. performing
Internal control does not consist of policies and procedures that
A) protect assets from misuse B) aid management in directing operations toward achieving business goals C) guarantee the company will not go bankrupt D) ensure that business information is accurate