Greg Plans to Open Up Three Hottie Pata?tee Franchises

question 339

Multiple Choice

Greg plans to open up three Hottie Pata?tee franchises in the greater Denver area. He just informed you that he plans to negotiate with the franchisor to eliminate the Big Potato Head that graces the roof of these restaurants. Greg is likely to learn that:

• A) the parent company will give him a start-up cost break for the same amount that it would have to pay for three of these signs.
• B) he is making a smart decision because it is not the sign that will bring customers to his potato bar. It is the wide-selection of toppings and six different ways he will cook potatoes.
• C) it is nonnegotiable due to company rules.
• D) his failure rate will not increase or decrease because franchises traditionally have low failure rates.

---

Definitions:

Homogenous Teams

Teams made up of individuals with similar qualifications, experiences, or demographics.

Collective Intelligence

The shared or group intelligence that emerges from the collaboration, collective efforts, and competition of many individuals and appears in consensus decision-making.

Generalized Ability Intelligence

A theoretical concept referring to the overall capacity of an individual to understand complex ideas, adapt effectively to the environment, learn from experience, engage in various forms of reasoning, and overcome obstacles through thought.

Specific Problems

Particular issues or challenges that are defined and identifiable, often requiring targeted solutions or intervention.