What Are the Characteristics of an Effective Decision

question 63

Multiple Choice

What are the characteristics of an effective decision?

• A) timely,acceptable,and efficient
• B) timely,acceptable,and specific
• C) timely,acceptable,and achievable
• D) timely,acceptable,and meets the desired objective

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Definitions:

Franchisor

A franchisor is a business that grants licenses to franchisees for the operation of a business under the franchisor's brand and system.

Franchise

A type of business relationship where a franchisor allows a franchisee to use its trademark, products, and business model in exchange for a fee.

Sole Proprietorship

A business structure where a single individual both owns and operates the business, and is responsible for all its debts and liabilities.

Concession Sales

The activity of selling food, beverages, or merchandise at sports, entertainment venues, or other events.