Assuming that a franchise agreement establishes the franchisee as an independent contractor in

relation to the franchisor, the franchisor and franchisee are not liable for each other's torts.

Indicate whether the statement is true or false


TRUE

Business

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The maker of the note is the one who promises to pay a certain amount of money at a definite future time

a. True b. False Indicate whether the statement is true or false

Business

Which of the following equipment purchased by a company has the greatest payback period?

A. A boiler that costs $20,000 with the potential to save $200 a year B. A computer system that costs $55,000 with the potential to save $5,000 a year C. A truck that costs $40,000 with the potential to save $2,000 a year D. A stove that costs $1,000 with the potential to save $200 a year

Business

A corporation has a $40,000 credit balance in the Income Tax Payable account. Period end information shows that the actual liability is $47,000. The company should record an entry to debit Income Tax Expense for $7,000 and credit Income Taxes Payable for $7,000.

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

Business

________ is a companywide effort to continuously improve the ways people, machines, and systems accomplish work.

A. Total quality management B. Talent management C. Stakeholder management D. Diversity management

Business