Identify an Advantage of Centralized Processing

question 29

Multiple Choice

Identify an advantage of centralized processing.

• A)It ensures a tight control over system operations and applications.
• B)It ensures that the response to users' needs is abundant.
• C)It ensures data is securely shielded from other users as it is processed at one system.
• D)It ensures the processing power is distributed among several locations.

Evaluate personal readiness and suitability for franchising as a route to small business ownership.

Recognize the major disadvantages and challenges that may face a franchisee.

Understand the importance of rationality and logic in tempering passion when planning and running a business.

Identify key focuses for new business starters, such as obtaining financing, emotions involved, hiring, and making a profit.

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Definitions:

Decedent's Estate

The real and personal property owned by an individual at the time of their death, subject to distribution according to their will or state laws.

Spendthrift Trust

A trust created to protect the beneficiary from spending all the funds to which she or he is entitled. Only a certain portion of the total amount is given to the beneficiary at any one time, and most states prohibit creditors from attaching assets of the trust.

Grantor

An individual or entity that grants or transfers an interest in real property to another through a deed or other legal instrument.

Health-Care Powers

Legal authority granted to an individual (through a document or decree) to make medical decisions on behalf of another person.