Which of the following statements does not describe international franchising?
a. The franchisee pays royalties and fees to the franchisor.
b. It usually takes the form of a wholly owned foreign subsidiary.
c. It is generally used in retail.
d. The franchisee may use the franchisor's intellectual property.
b
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Start-up and organization costs include all of the following except
a. goodwill. b. cost of printing stock certificates. c. attorney's fees. d. state incorporation fees.
A manufacturing firm has manufacturing costs which become product costs. These manufacturing costs do not include:
a. direct material costs (or raw material costs) b. direct labor costs c. manufacturing overhead costs (sometimes called indirect manufacturing costs) d. expenditures for administrative staff e. expenditures for supervisors' salaries, factory utilities, property taxes, insurance, and depreciation on manufacturing plant and equipment
Human relations can suffer when denotative words are inadvertently or intentionally used instead of connotative words
Indicate whether the statement is true or false
ABC assumes all costs in a ________ can be grouped together because they all impact the activity.
A. organization. B. time period. C. cost pool. D. product line. E. department.