The final decision to purchase a franchise should be up to the
a. lawyer.
b. financial backer.
c. entrepreneur.
d. accountant.
ANSWER: c
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Which of the following is a characteristic of services?
A) low barriers to entry B) high switching costs C) low rivalry D) reduced competition
Which of the following is a factor that would cause an increase in the assessment of control risk?
a. New products have uncertain likelihood of success b. Little interaction between senior management and operating staff c. A new business strategy is improperly implemented. d. The industry is mature and declining.
The number of days' sales in inventory is a rough measure of the length of time it takes to sell the inventory
Indicate whether the statement is true or false
The type of listening most common in business meetings and conferences is ______.
A. casual B. factual C. empathic D. sympathetic