Caron signed a contract with Devon allowing her to provide services using Devon's trademark, logo, and business model. This business is:
A. a franchise.
B. a franchisor.
C. a franchisee.
D. an independent business.
Answer: A
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People higher in a hierarchy are not assumed to be superior to people lower in the hierarchy. This is a characteristic of ______.
A. low power distance B. high avoidance C. low avoidance D. high power distance
Which one of the following statements is false?
A) Under conditions of rising prices, the LIFO method results in lower income than the FIFO method. B) In most cases, the FIFO method approximates the physical flow of items in inventory. C) The LIFO method produces a higher ending inventory value than the FIFO method. D) The FIFO method includes holding gains in income.
Commitment in the situational leadership approach can be defined as ______.
A. having motivation and confidence in doing the work B. being dedicated and a hard worker C. possessing the skills necessary to complete the task D. mastering the skills necessary to complete the task
New Wave Energy manufactures solar panels for residential and commercial use. Throughout the entire production process, the company carefully monitors quality and ensures adherence to a strict set of metrics. Explain how producing higher quality solar panels can lead to lower costs for the company.
What will be an ideal response?