What's the difference between a franchisor and a franchisee?
What will be an ideal response?
Answer: A franchisor is the business owner that gives others the rights to sell its products or services. A franchisee is the buyer of a franchise.
Explanation: A franchise is an arrangement in which a business owner allows others the right to use its name and sells its goods or services within a specified geographical area. A franchisee is the buyer of such a business, and a franchisor is the business owner that gives others the rights to sell its products or services.
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The FASB agrees with the capitalization approach and requires companies to capitalize all long-term leases.
a. true b. false
Apex Corporation is one of the best in its industry in terms of costs and performance. Many companies in its industry will probably consider Apex as a ________
A) pioneer B) benchmark C) target for acquisition D) future supplier E) sounding board for ideas