Espresso Brew Inc. uses a Web site to provide downloadable information to prospective franchisees. This electronic information is the equivalent of an offer that must comply with
A. no law.
B. federal antitrust laws.
C. the Federal Trade Commission’s Franchise Rule.
D. the Dealers Day in Court Act.
Answer: C
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Discuss the ways in which organizations use letters of recommendation
What will be an ideal response?
Which government agency provides the most useful advice for writing a business plan?
A) Internal Revenue Service B) Small Business Administration C) Securities and Exchange Commission D) Department of Homeland Security
A company purchased new furniture at a cost of $24,000 on September 30. The furniture is estimated to have a useful life of 5 years and a salvage value of $3000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?
A. $1200. B. $350. C. $4350. D. $1350. E. $1050.
At the age of 16, Jacek knew several professional skiers who were given several sets of skis and extra ski gear by their promotors. They did not use the extra skis and gear because they had all they could use. He contacted the skiers and offered to buy the extra skis and gear from them. He then sold the skis and ski gear to individuals who picked it up from him at mutually agreed-upon locations. Eventually he had enough money to buy a car which he used to transport the goods. When he had enough money to buy a building, he bought a small building on a busy street and made it into a sporting goods department store. When he had enough money saved to import goods from other countries, he added these to his sporting goods offerings. He invested his profits in energy stocks which returned a
large gain and gave him the ability to start other businesses. By the age of twenty-five, Jacek was a millionaire. In a recent interview, Jacek said he will never work for someone other than himself and has wanted to have his own business all of his life. Which of the following best describes Jacek? A. Jacek is an employee. B. Jacek is an entrepreneur. C. Jacek is an investor. D. Jacek is the owner of a home-based business.