A(n) ________ is established when one party licenses another party to use the first party's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.
A. proprietorship
B. franchise
C. implicit contract
D. general partnership
Answer: B
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The term "FIFO" relates to the merchandise in inventory at the end of the accounting period, not to the merchandise sold during the period
a. True b. False Indicate whether the statement is true or false
Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $1,204,500 Cost of merchandise sold during year 657,000 Accounts receivable, beginning of year 75,000 Accounts receivable, end of year 85,000 Inventory, beginning of year 81,600 Inventory, end of year 98,600
A) 50.1 B) 45.3 C) 24.7 D) 29.9
The principles of secularism in the public arena (as in Turkey) and of freedom from religion (as in France) are used to justify:
a. A ban on gender discrimination in schools and in the workplace b. A ban on different languages in schools and in the workplace c. A ban on prominent religious attire in schools and in the workplace d. Appropriate religious attire in schools and the workplace
If a slack variable has a positive value (is basic) in the optimal solution to a linear programming problem, then the shadow price of the associated constraint:
A) is always zero. B) is always greater than zero. C) is always less than zero. D) could be any value (i.e., zero greater than zero or less than zero).