Which of the following topics of a franchise agreement refers to the franchisor's right to make periodic inspections of the franchisee's premises and operations?
A) quality-control standards
B) training requirements
C) covenant not to compete
D) arbitration clause
A
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Answer the following statement(s) true (T) or false (F)
1. In the horizontal analysis of the income statement, each item is generally stated as a percentage of net income. 2. Liquidity ratios compare current assets to current liabilities because it is assumed that current liabilities will be paid out of current assets. 3. Inventory turnover measures the number of times on the average the inventory was sold during the period. 4. Profitability ratios are frequently used as a basis for evaluating management's operating effectiveness. 5. Diversification in American industry enhances the usefulness of financial analysis.
What is the purpose of a strategic plan?
What will be an ideal response?