Which of the following is true of a franchise?
A) The franchisor and franchisee are 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.
A
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Which of the following is an important component in determining psychographic characteristics?
A. benefits sought B. age C. use-situation factors D. use-related factors E. lifestyles
Richard suspects his supervisor of unethical accounting practices. However, he does not want to lose his job if he reports the supervisor and the supervisor finds out who reported him. An important feature of online reporting systems like NAVEX Global is
a. the employee reporting the unethical behavior can do so anonymously. b. the employee reporting the unethical behavior is financially compensated if he loses his job as a result of the report. c. the employee reporting the unethical behavior must give his full name when making the report. d. the employee reporting the unethical behavior must have another employee supporting him.
Reference group influence is likely to be greater for products that will not be seen by other individuals.
Answer the following statement true (T) or false (F)
Steelman Company purchased inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Steelman record the purchase using a periodic inventory system?1.Purchases2,000 Accounts Payable 2,0002.Cost of Goods Sold2,000 Deferred Revenue1,000 Sales Revenue 3,0003.Cost of Goods Sold2,000 Accounts Payable 2,0004.Cost of Goods Sold2,000 Gain1,000 Accounts Payable 3,000
A. Option 1 B. Option 2 C. Option 3 D. Option 4