Leo buys an exclusive territory in which he is authorized to set up a plant to make Midwest Dairy, Inc., products. After receiving the formula, Leo begins making Nice Ice-brand ice cream and other Midwest products. This is
A. a chain-style franchise.
B. a distributorship franchise.
C. a manufacturing franchise.
D. no franchise.
Answer: C
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Relevant costs in a sell or process-further decision include
a. costs of additional processing. b. both additional revenues and additional costs. c. revenues after additional processing. d. joint product costs.
A nonprofit organization agreed to allow a for-profit corporation to use the nonprofit’s logo on advertising to enhance the corporation’s image. This agreement is an example of exchanging ______.
A. tactibles B. inventories C. intangibles D. physical assets
Williamson says that market failure problems that result from contracting through vertical integration can be solved through ______, _____ and _____.
a. Organizational design/innovation/creative destruction b. Information flows/negotiating costs/incentive alignment c. Managing uncertainty/being boundedly rational/being fast to market d. None of the above
As a consequence of forming the European Union (EU), a EU central bank equivalent to the U.S
Federal Reserve Board was established. Indicate whether the statement is true or false