Warren Buffet's Distinction Between a "Franchise" and a "Business" Refers

question 16

Multiple Choice

Warren Buffet's distinction between a "franchise" and a "business" refers to:

• A)The advantage of starting a franchised business rather than an independent start-up.
• B)The difference between a business whose uniqueness gives it pricing power and one that lacks such a competitive advantage.
• C)The importance of taking a contrarian approach in business.
• D)The importance of selecting a business that is easy to manage.

Understand the process and importance of standardization in psychological testing.

Grasp the statistical principals underlying the interpretation of IQ test scores.

Understand various methods and tools for importing data into Access.

Grasp the process and options for exporting data from Access.