Licensing agreements enable energy and defense firms to enter nations that restrict the foreign ownership of businesses related to national security

Which of the following is true of franchising?

A. The franchiser provides market knowledge, capital, and personal involvement in management. B. The franchiser has little control on marketing of the products at the point of final sale. C. Franchising is an important form of horizontal market integration. D. Franchising provides an effective blending of skill centralization and operational decentralization. E. Foreign laws and regulations are usually hostile toward franchising.

Some loss contingencies may be disclosed only in the footnotes even if the losses are deemed to be probable

Indicate whether the statement is true or false.