For the Urban Poor, Augustus Provided

question 25

Multiple Choice

For the urban poor, Augustus provided

• A)very little help.
• B)public works programs, free grain, and entertainment.
• C)more debtors' prisons.
• D)conscription into the army.
• E)free land on the frontiers.

Understand the advantages and disadvantages of becoming a franchisee.

Analyze the strategic considerations in selecting a franchise, including market considerations and exclusive territory agreements.

Evaluate the support and resources provided by franchisors to franchisees, including marketing and financial assistance.

Recognize the importance of professional advice (legal, financial) when entering into franchise agreements.

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Definitions:

Opt Out

The choice made by individuals to not participate in a program, activity, or to forego a service, often involving a default option or requirement.

High Costs

Refers to situations where the expenses associated with production, maintenance, or other operations are significantly above the average.

Negative Externalities

Costs not incurred by consumers or producers but by a third party or the environment, as a result of an economic activity.

Opt Out

The act of choosing not to participate in an activity, service, or agreement, often referring to the decision by an individual or organization to not conform to a standard, policy, or regulation.