Marco Is a Franchisee with Daggies,a Chain of Sandwich Shops

question 258

Multiple Choice

Marco is a franchisee with Daggies,a chain of sandwich shops.His business was doing well until several Daggies franchisees got in trouble and were forced to close their shops.Soon afterward,Marco's business deteriorated and he too was forced to close.This is an example of:

• A)An economic shakeout at work.
• B)The coattail effect.
• C)The law of diminishing returns.
• D)Management by exception.

Understand the assumptions underlying cost-volume-profit analysis and identify scenarios that challenge these assumptions.

Define and differentiate between various types of costs (e.g., step-wise, curvilinear) in the context of their behavior as volume changes.

Recognize different e-portfolio models and select appropriate ones for varying educational contexts.

Understand the goals and critical components of the internship culmination stage, including future employment and critical tasks.

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Definitions:

Economy

A system by which goods and services are produced, distributed, and consumed within a society or geographical area.

Government

The organized system or group of people governing an organized community, often a state, managing its public policy and affairs.

Lags

Delays in the effect of economic policies or other changes in the economy, which can affect the timing and efficiency of economic outcomes.

Discretionary Fiscal Policy

Fiscal measures, such as government spending and taxation, actively applied by a government to influence the economy, especially to counteract recession or control inflation.