Which of the following is true of a franchise?
A. The franchisor and franchisee are generally established as separate legal entities.
B. A franchisee does not need a license to use the franchisor's trademark.
C. The franchisee does not have access to the franchisor's knowledge.
D. A franchise is considered a joint venture.
Answer: A
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IFRS and GAAP use similar approaches when it comes to gains or losses on disposals of assets. The only difference is GAAP requires the use of the reevaluation method
Indicate whether the statement is true or false
________ are B2B customers for raw materials
A) Resellers B) Resuppliers C) Retailers D) Producers E) End consumers
Brenda is a purchasing agent for Commodities Exchange Corporation. Dennis, a Commodities corporate officer, gives Brenda written authority to buy for the firm as many computers and peripheral devices as necessary. The next day, Dennis calls Brenda and
tells her to buy only fifty notebook computers and nothing else. Brenda shows the written authority to E-Products, Inc, and enters into a contract with E-Products to buy sixty note-book computers and a selection of printers, scanners, and extra storage media. E-Products ships the order to Commodities. Is Commodities liable to E-Products under the contract? Is Brenda liable? In each case, if so, why? If not, why not?
Listening is hard work because as you listen, you should be doing other things, such as answering the phone, completing paperwork, or checking your e-mail.
Answer the following statement true (T) or false (F)