Joseph runs a popular cafeteria chain. he currently has three branches in the city. he plans to enter a franchise contract with another business. joseph, the franchisor, plans to allow the franchisee to use the cafeteria’s logo and trademark. further, joseph plans to provide training to the franchisee’s staff to make sure that it provides the kind of customer service that the cafeteria is famous for. joseph is going to the franchisee understand the specific work processes and management techniques of his business. as a franchisor, joseph will also be providing legal support to the franchisee. which franchise model does joseph’s business plan follow?

a. management franchise

b. business format franchise

c. trademark franchise

d. product distribution franchise

When marietta chooses to only purchase a combination of goods that lie within her budget line, she: is decreasing utility. is maximizing utility. likely has negative savings. must reduce the quantity?

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.