Mark owns a chain of hotels. Roby acquires a license that allows him to extend the chain under the supervision and control of Mark. This type of license is an example of a ________

A. franchise
B. patent
C. copyright
D. patent pool


A

Business

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The purpose of MBO is to

A. control subordinates. B. control costs. C. control lower-level management. D. motivate subordinates. E. increase market share and develop synergy.

Business

Foothill hospital recorded the following costs for the meals served in its cafeteria during the last seven weeks:Using the high-low method, the total fixed costs for the cafeteria was

a.$1,600 b.$1,500 c.$1,700 d.$1,800 e.None of the answers are correct.

Business

Industrial Plastics Corporation has decided to manufacture and sell electric motors for fishing boats. The firm appears to be pursuing a ________ opportunity.

A. product development B. combiner C. market development D. diversification E. market penetration

Business

Provide three examples of operations management decision problems for which linear programming can be useful, and why

What will be an ideal response?

Business