The type of franchise arrangement that is less common but accounts for a larger percentage of franchise-based sales is a ________ ________ franchise arrangement.
Fill in the blank(s) with the appropriate word(s).
product distribution
Product distribution franchising, while less common, actually accounts for a larger percentage of franchise-based sales. In a product distribution franchise arrangement, the focus is not on the system of doing business, but is instead based on the franchisee gaining preferred or exclusive access to the products manufactured or supplied by the franchisor.
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An accountant is uncertain about the best estimate of an amount for a business transaction. If there are two possible amounts that could be recorded, the amount least likely to overstate assets and earnings is selected. Which of the following qualities is characterized by this action?
A) Comparability B) Conservatism C) Materiality D) Neutrality
A symphony orchestra compares expected ticket sales to actual ticket sales. This approach
a. measures effectiveness b. predicts future sales c. measures customer satisfaction d. measures long-term success e. measures organizational value
If First National Bank were to assign one of its bank tellers to business merchants and two others to individual accounts, it would be departmentalizing on the basis of
A. location. B. population. C. customer. D. function. E. service.
A ____ is an unincorporated business association consisting of at least one general partner and at least one limited partner
A) joint venture B) limited liability company C) limited liability partnership D) limited partnership