The balance sheet is also called the statement of condition or statement of financial position

Panel conditioning refers to a problem where:

A) panel members do not remain on the panel. B) panel members do not represent the underlying population. C) being on a panel changes a member's behavior. D) attitudes and preferences of the panel members change over the time.

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.