Which of the following federal laws requires a franchisor to disclose all material facts to a franchisee before entering into a franchise agreement?
A) the Franchise Rule
B) the Uniform Franchise Law
C) the Uniform Franchise Offering Circular
D) the Federal Franchise Law
A
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Which of the following accounts would not need to be adjusted at year end?
A) Prepaid Rent. B) Common Stock. C) Equipment. D) Unearned Rent Revenue.
When conducting a SWOT analysis, in what phase of the strategic marketing process is an organization presently engaged?
A. control B. planning C. metrics D. implementation E. segmentation
A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because
A. accurate budgets are the key to exercising tight financial controls over what organization units can and cannot do in carrying out management's directives to execute the chosen strategy proficiently. B. lean, strictly enforced budgets are management's best and most used means of getting organizational units to exercise the fiscal discipline needed to execute the chosen strategy in a cost-efficient manner. C. tight budget control is management's most powerful tool for first-rate strategy execution. D. lean, carefully managed budgets protect the company's financial condition and eliminate the wasteful use of cash. E. changes in strategy often require resource reallocation, and organizational units need the proper funding to carry out their part of the strategic plan effectively and efficiently.
Which of the following statements is true of expenses?
A) Expenses increase equity, so an expense account's normal balance is a credit balance. B) Expenses decrease equity, so an expense account's normal balance is a credit balance. C) Expenses increase equity, so an expense account's normal balance is a debit balance. D) Expenses decrease equity, so an expense account's normal balance is a debit balance.