Class rating and schedule rating use the same approach in arriving at a final fire insurance rate; both use a system of debits and credits and charges for particular property as compared to a standard

Which of the following is a disadvantage faced by a franchise business owner that would not be encountered by an independent business owner?

(A) Lack of management training and support (B) High cost of products (C) Franchising fees and royalties (D) Government regulations

A negative cash conversion cycle (CCC) means the average payment period (APP) exceeds the operating cycle (OC)

Indicate whether the statement is true or false