<p>1-Which of the following statements about franchising is true?</p><p>Franchising is a type of corporate system. Franchising is used to achieve coordination at successive stages of production Franchising is a type of administered vertical marketing system. Franchising is the most visible variation of contractual systems</p><p>2- In which of the following do two or more organizations collaborate on a project for mutual gain?</p><p>Limited partnership Joint venture Public corporation Strategic alliance</p><p>3-Compared to licensing, franchising is a more advantageous entry mode because:</p><p>It generates economies of scale in marketing to international customers. It offers greater control. It is low-risk and low-cost. Of all the above</p><p>4-_____ is the process of locating, identifying, and attracting capable applicants.</p><p>Downsizing Human resource inventory report Recruitment Strategic human resource planning</p><p>5-which of the following is an on-the-job training technique?</p><p>Lectures Case study method Job rotation None of the given options</p><p>6-A training technique in which trainees act out as parts in a realistic management situation is known as:</p><p>Business Games Role Play Vestibule Training None of the given options</p><p>7-Business benefits the people by providing them</p><p>Large number of services Less number of services Environmental pollution Sub standard goods</p><p>8-Altering the Articles of Association requires ______resolution</p><p>Special No Court None of the above</p><p>9-Which of the following is included in economic factors?</p><p>Religion Value system Norms Exchange rate</p><p>10-No matter how well intended a company's ethics code is, it's relatively worthless if it is not: Reported by at least one whistleblower Consistent with cosmological constants Ideal, subjective, and methodical Enforced</p><p>11-A “tariff” can best be described as: A tax imposed on an imported good. A tax imposed on an exported good. A law which limits the quantity of a good that can be imported. A government payment to producers of an exportable good. 12-A market survey is important because it tells you:</p><p>How many & what types of people are shopping at a store. Tells you what the customer will buy. Tells you how much the customer will pay for the product. All of the above.</p><p>13-Which of the following business form has the shortest life span?</p><p>Sole proprietorship Partnership Company Co-operative society</p><p>14-The liabilty of a sole trader is:</p><p>Limited only to his investment in the business Limited to the total resources of the business Unlimited Not defined</p><p>15-Which of the following should be considered when designing a business plan?</p><p>Objectives of the business Marketing components of the business Financial components of the business All of the above</p>