What is a franchise? Discuss the advantages and disadvantages.
What will be an ideal response?
A franchise is a contract between the franchisor and the franchisee. It exists when one licenses another party to use its trademarks, patents, copyrights or other property in the distribution of goods and services. Franchisees agree to pay a fee for the use of the franchisor’s name, creation of its product, advertising and procurements. Many franchisors are multi-national corporations which are able to sell its product in a widespread market through the use of franchisees. The franchisor and the franchisee still operate independently, but share resources. Through franchises, there is protection for the consumer who can be assured of greater product quality.
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Since 1996, “marriage” has been defined for federal purposes as ________________________________________________________________________________.
Fill in the blank(s) with the appropriate word(s).
Gerome has two checking accounts at two banks across town from each other. Gerome is paid on Fridays. On Wednesday, he must pay his electric bill. He has no money in either account and knows it. He deposits a check drawn on Bank A into Bank B and writes a check for the electric bill on Bank B. On Thursday, he deposits a check drawn on Bank B into Bank A. On Friday, he deposits his paycheck in
Bank B. The check is more than enough to cover the electric bill check and the previous deposits and no checks bounced. Gerome may have committed the crime of: A) check kiting. B) counterfeit check writing. C) creative finance. D) check alteration. E) no crime, as the checks were all good by the time they cleared.
The FBI is the largest law enforcement agency in the federal system and is an arm of the Department of Justice.
Answer the following statement true (T) or false (F)
Part 1 of a recent decennial digest covers:
A) ten years B) one hundred years C) twenty-five years D) five years