1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ankoles [38]
3 years ago
8

__________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell

a product or service to others in a given territory in a specified manner.
Business
1 answer:
ira [324]3 years ago
7 0

Answer:

Franchise

Explanation:

This is a business arrangement where the owner of a successful business gives the right (through special business and legal arrangement) to another, to run such business in a specified location using his brand name in accordance with agreed terms and conditions. Under this arrangement, technical support and training are always provided by the franchiser.

The franchisor charges the franchisee a fee for the right which in most cases is periodic. The franchise is renewable.

You might be interested in
Producers of business products generally spend a larger percent on advertising than do producers of consumer products.
Julli [10]
It is <u>false </u>that producers of business products generally spend a larger percent on advertising than do producers of consumer products. There are far more people in the world than there are businesses, and thus advertisements are usually addressed to the general consumer rather than a business. More people are going to buy consumer products than businesses are going to buy business products, which is why these ads are mainly created by producers of consumer products.
3 0
3 years ago
Shawna had a beginning balance in her checking account of $123.32. she wrote check #2341 for $23.77. she deposited two checks to
weqwewe [10]

Answer: $449.53

When Shawna wrote a check for $23.77, the same amount was deducted from her bank account, decreasing her balance to $99.55.  When she deposited two checks totaling $349.98, the amount was added, making her new balance increased to $449.53.


5 0
4 years ago
Identify the internal control weakness in the following situations. State how the person can hurt the company.
Degger [83]

Answer:

Identification of the Internal Control Weaknesses:

A.  There is no segregation of duties and there is lack of access control.  Jerry Miller as a security guard is not expected to have a master key to the cash box.  With this he can pilfer the cash.  If he prepares the report that shows the number of cars that parked on the lot, he is not supposed to also prepare the day's cash receipts.  Otherwise, he can state any number of cars as parked that he likes, and which corresponds to the cash he might leave in the Cash box since he also has a master key.

B.  There is no segregation of duties and there is lack of supervision,  proper reconciliations, and assets audit.  Sharon Fisher handles purchase transactions from the beginning to the close all alone with a third party.  This exposes the company to procurement frauds and collusion with suppliers.  She can purchase assets for the company at prices that would enrich her personally.

C. Forming an audit opinion on the basis of ratio analysis of last year's comparative financial statements exposes the company to audit risks.  While ratio analysis is part of the basis for forming audit opinions, it is surely not the first audit procedure to obtain audit evidence to support his audit opinion on the financial statements.  An auditor is expected to obtain sufficient audit evidence and perform audit substantive tests of financial statement assertions.  He or she is also expected to review the internal control system to ensure that it is operating effectively after establishing its existence and reviewing changes in internal controls.

Explanation:

Internal Controls are controls established by management in order to help it achieve business goals.  There are many internal controls, including Separation of Duties, Access Controls , Authorization and Approvals, Asset Audits, Reconciliations, and Data Backups.  The purposes of internal controls are to establish the reliability of financial reporting, ensure timely feedback on the achievement of operational or strategic goals, and achieve compliance with financial management laws, and accounting regulations.

4 0
4 years ago
. A car accident occurs at an intersection outside of a physician’s office during normal office/business hours. Do the physician
lina2011 [118]
Search it up dudeeeee :)
3 0
3 years ago
_____ is the element in the promotional mix of a marketing plan that evaluates the public’s attitudes, identifies issues that ma
kotykmax [81]

Answer: Public Relations

Explanation: The elements of a promotional marketing mix are the resources an organisation engages in its marketing promotion. They are:

Advertising, public relations, sales promotion, direct marketing and personal selling.

The above listed elements have there unique effect on the sales if an organisation.

Advertising is used to create an awareness of the product to the consumer using all forms of advertising such as radio jingle television advert, billboards etc.

Public relations is used to find out the effect of the products in the market and also to get feedbacks from consumer which will enable mgt to plan on ways to correct any issue observed.

Sales promotions are ways of giving to the consumers fee products as rewards for loyalty

Direct marketing is the use of marketing officers that will speak to consumers personally and try convincing them to try the products

Personal selling is the act of selling the products one on one to customers

3 0
4 years ago
Other questions:
  • Burt, a mentally impaired person, is asked by carl to sign a piece of paper that carl says is an autograph book. in fact, the do
    15·1 answer
  • Which of the following is a normative economic statement? The poverty rate hit a new high last year and income distribution also
    8·1 answer
  • Managerial accounting reports and information are used by external users and financial accounting by internal users.true or fals
    15·1 answer
  • If beginning inventory is $60,000, cost of goods purchased is $380,000, and ending inventory is $50,000, cost of goods sold is $
    12·1 answer
  • Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are c
    10·1 answer
  • Nathalie is willing to apply for a car loan. She is 18 years old, still lives at home with her parents and has a part-time job d
    13·1 answer
  • On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,850 in assets to launch the busine
    14·1 answer
  • The demand for toys produced by the Miki Manufacturing Company has been collected in the Microsoft Excel Online file below. Use
    6·1 answer
  • White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages
    12·1 answer
  • Current Attempt in Progress Sheridan Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!