In Order to Further Investigate a Franchise Opportunity an Entrepreneur

question 31

Multiple Choice

In order to further investigate a franchise opportunity an entrepreneur can request a franchise package from the franchisor which:

• A)is usually free.
• B)costs between $400-$600 and is usually refundable.
• C)costs between $800-$1000 and is usually not refundable.
• D)contains guarantees about expected sales revenues in years 1 and 2.

Recognize the visibility and nature of workplace hazards.

Explain how the worker's compensation system operates in the U.S.

Analyze the legal obligations of corporations like Walmart towards the employees of their international suppliers.

Understand the process and requirements for filing a worker's compensation claim.

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Definitions:

Specialization

Focus on a narrow area of expertise or production to increase efficiency and output.

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.