Sylvester buys a franchise from Resistance Athletic Shoes Inc This relationship, like all other franchise relationships, is governed by
a. contract law.
b. no law.
c. the Franchise Disclosure Document, or FDD.
d. the Uniform Commercial Code.
a
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A small stock dividend should be recorded on the basis of
a. par or stated value. b. original issue price. c. market value. d. cost.
As suggested by the text, when should a business owner or company management first begin drafting a code of ethics?
a. when the business is first conceptualized b. when filing for a business license c. when the first employee is hired d. when the business reaches around 10 employees
Matthew is a training and development manager who has been asked by the Rotary Club to speak at one of their meetings about trends in corporate training. However, since he is currently conducting an important staff development program, his schedule is very busy and he must refuse the invitation. What would be the best way to end his message declining the request?
a. Again, I am very flattered by your request. b. I apologize that I am so busy right now, but perhaps early next year I can speak to your group. c. I'll call you if I have a change in schedule that would accommodate your timeframe. d. My associate, David Freel, has extensive experience and would enjoy speaking to your group. Please feel free to contact him at 469-8000.
Marlene owes Bailey $750 due June 1 . Bailey assigns the debt to Greg on May 1, but neither Bailey nor Greg informs Marlene. On June 1, Marlene pays Bailey. Marlene is fully discharged from her obligation
a. True b. False Indicate whether the statement is true or false