The person who purchases the franchise is usually required to do all of the following except

a. invest money in the operation.
b. maintain a specified quality of performance.
c. pay a fee.
d. design a logo for the unit.


ANSWER: d

Business

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What will be an ideal response?

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Which of the following creative methods involves having participants write down their ideas several times a day? 

A. Forced relationship B. Collective notebook method C. Parameter analysis D. Brainstorming

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On January 1, a company issues bonds dated January 1 with a par value of $730,000. The bonds mature in 3 years. The contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds are sold for $718,000. The journal entry to record the first interest payment using straight-line amortization is:

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Longer meetings usually result in better participation. _________________________

Answer the following statement true (T) or false (F)

Business