The Federal Trade Commission requires franchisors to
A. give prospective franchisees a franchise disclosure document at least 14 business days prior to the signing of a contract or payment of any money.
B. give prospective franchisees earnings information on the company.
C. disclose any litigation the company has ever been involved in.
D. let prospective franchisees know how many franchisees have gone out of business in the prior five years.
Answer: A
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Wilshire purchased equipment at the beginning of 2011 for $19,000. Wilshire decided to depreciate the equipment over a 6-year period using the straight-line method. Wilshire estimated the equipment's salvage value at $1,000. The estimated fair market value at the end of 2011 was $18,000. Which of the following statements is correct concerning Wilshire's financial statements at December 31, 2011?
A) The book value of the equipment is $15,000. B) The book value of the equipment is $16,000. C) The total accumulated depreciation is $3,167. D) The equipment will be reported on the balance sheet at it fair market value of $18,000.
The major difference between advertising messages and personal selling presentations is the _____
a. total costs b. flexibility c. creation of awareness d. wholesaler involvement
In constructing variable control charts, when the population standard deviation is not known we typically use ______.
a. the variance as a measure of dispersion b. the range as a measure of dispersion c. the mean as a measure of dispersion d. the mode as a measure of dispersion
Briefly describe the four key elements of a country's infrastructure that would concern marketers.
What will be an ideal response?