An entrepreneur assumes fewer risks with franchising because the franchise can provide
A) a product or service with an established market and favorable image.
B) management training and assistance in operating the business.
C) economies of scale for advertising and purchasing.
D) all of the above
D
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Under current (rules prior to 2018) U.S. GAAP, minority, passive investments in equity securities are classified as either trading or available-for-sale. Fluctuations in fair value of these securities are reported as part of (OCI = other comprehensive income):
a. Net income for both types of security. b. OCI for both types of security. c. OCI if a trading security and net income if an available-for-sale security. d. Net income if a trading security and OCI if an available-for-sale security.
Cultural similarities provide a good basis for making relatively standardized marketing strategies
Indicate whether the statement is true or false