Which of the following statements is true of a franchise process?

A. A significant up-front cash payment is necessary for making an initial fee payment by a franchisee.
B. The founding of a franchise is quite different in form and method from creating a new business from scratch.
C. The entrepreneur can easily leave the franchisee business if he or she does not enjoy the business venture.
D. A market analysis by a franchisor is the best available method to understand a market and to organize franchise operations.


Answer: A

Business

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________ is a discomfort caused by postpurchase conflict

A) Selective retention B) Cognitive dissonance C) Selective attention D) Restraint bias E) Subliminal perception

Business

Most agencies frown on pay-for-performance contracts because ________

A) it is difficult to measure the depth of coverage B) there are no guarantees that their efforts will be successful C) it is difficult to measure circulation or audience rating of the venue D) it is harder to bill for staff time than it is to waive fees if no coverage is achieved

Business

Which behavior am I using when I analyze and diagnose a new challenge?

A. identify adaptive challenges B. get on the balcony C. protect leadership voices from below D. work avoidance

Business

Neo classical economists believe that market forces will ultimately lead organizations to stop discriminatory practices while equal opportunity theorists believe that organizations need to take definitive actions such as preferential hiring in order to rid the workplace of discrimination. List the main arguments and critiques of each theoretical viewpoint.

What will be an ideal response?

Business