One of the First Lessons in Franchising Is, "Do Your

question 47

True/False

One of the first lessons in franchising is, "Do your homework before you get out your checkbook."

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Definitions:

Agricultural Production

The process of cultivating plants and raising livestock for food, fiber, and other products.

Social Contract

Agreement hammered out between labor and management in leading industries; called a new “social contract.” Unions signed long-term agreements that left decisions regarding capital investment, plant location, and output in management’s hands, and they agreed to try to prevent unauthorized “wildcat” strikes.

Childcare Expenses

Costs that parents or guardians incur in providing care for their children, especially during work hours, including daycare, nannies, and preschool services.

Wage Cuts

A reduction in the amount of money employees are paid for their work, often implemented by employers to reduce costs during economic downturns or financial struggles.