In China,regulations Require Foreign Franchisers to Directly Own Two or More

question 96

True/False

In China,regulations require foreign franchisers to directly own two or more stores for a minimum of one year before franchising.

Understand the use and significance of profitability ratios in evaluating a company's financial health.

Distinguish between different types of financial ratios and their purposes.

Interpret the implications of financial ratios for a company's financial management.

Calculate the debt to total assets and debt to total stockholders' equity ratios and understand their implications.

---

Definitions:

Debris

Scattered fragments, typically of something wrecked or destroyed.

Statute Of Frauds

State-level legislation that addresses the enforceability of contracts that fail to meet the requirements set forth in the statute; serves to protect promisors from poorly considered oral contracts by requiring certain contracts to be in writing.

Parol Evidence Rule

A principle in contract law that prevents the parties from presenting external evidence that contradicts or adds to the written terms of a contract.

Merger Clause

A contract provision stating that the written contract represents the complete and final agreement between the parties.