In a franchising relationship
a. the franchisor is the local businessman or businesswoman
b. the trademark holder contracting with local operations is the franchisor
c. the franchisor is the trademark holder contracting with local operations
d. the trademark holder contracting with local operations is the franchisee
b
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Which of the following statements can explain why an association between Event A and Event B may not imply causality from A to B? a. The observed association may be coincidental
b. There may be a third variable that is responsible for causing both events. c. Causality may run from Event B to Event A instead of in the opposite direction. d. All of the above can explain why an association between Event A and Event B may not imply causality from A to B.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.