Which of the following holds true for the royalty fee paid by a franchisee?

A) It is a lump-sum payment for the privilege of being granted a franchise.
B) It is a fee for promotional campaigns and administrative costs.
C) It is a fee for the continued use of a franchisor's trade name.
D) It is a payment for any land or equipment leased from a franchisor.


C

Business

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Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable $50,000 Property, plant, and equipment 70,000 Long-term debt 40,000 Capital stock 100,000 Accounts payable 20,000 Retained earnings ? Inventory 35,000 What amount should Harbor City report on its balance sheet for total assets?

a. $110,000 b. $155,000 c. $170,000 d. $190,000

Business

In a complex sales force structure, salespeople can be specialized by customer and territory; product and territory; product and customer; or territory, product, and customer

Indicate whether the statement is true or false

Business

A function or activity in which an organization seeks to excel above its competitors is a ______________________________

Fill in the blank(s) with correct word

Business

The fair use doctrine and the fairness doctrine are synonymous

Indicate whether the statement is true or false

Business