The franchise contract defines the rights and the obligations of both parties and sets the guidelines which govern the franchise relationship

Budget figures and budget estimates developed through a _____________ process usually are more useful. Without active employee involvement in preparing budget figures, there is a risk these employees will feel that the numbers fail to reflect their special problems and needs.

Fill in the blank(s) with the appropriate word(s).

Profit Sharing Plans:

A. Are fixed liabilities to the business. B. Often allow companies to delay distribution of each employee's share. C. Cannot be used along with other retirement programs. D. Allow for a contribution of a specified proportion of company profits.