Tavanna Tucker Having Owned Several Part-Time Businesses All Her Life, Tavanna, at Tavanna

question 64

Multiple Choice

Tavanna Tucker
Having owned several part-time businesses all her life, Tavanna, at 45, is considering a full-time business ownership. She is very confused about what approach to take in her business pursuit. She has come to you for advice, so now it is your turn in the "hot seat."

-Tavanna brought with her a franchise business packet.She likes the idea but is unsure what might be its disadvantage?

• A)It is probably expensive and not profitable.
• B)You give up control of marketing and operations.
• C)You compete with the franchise company itself.
• D)You receive no training and management support.

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Definitions:

Wilcoxon Rank-sum Test

A nonparametric statistical test used to compare two independent samples to see if they come from the same distribution.

Statistical Populations

A statistical population refers to the entire group of entities or outcomes that share a common characteristic, which is the subject of statistical analysis.

Kruskal-Wallis Test

A nonparametric statistical test used to determine if there are statistically significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.

Wilcoxon Rank-sum Test

A nonparametric statistical test used to compare two independent samples to assess whether their population mean ranks differ.