Question 1

How many phases are included in the Franchise PERT Chart?

Accepted Answer

A) 3 
B) 4 
C) 6 
D) 8 
A) 3 
B) 4 
C) 6 
D) 8 C

Question 2

Which of the following is NOT a component of a properly developed franchisor plan?

Accepted Answer

A) franchisor's business plan 
B) franchisee recruitment package 
C) franchise feasibility study 
D) franchisee operations manual and success package 
A) franchisor's business plan 
B) franchisee recruitment package 
C) franchise feasibility study 
D) franchisee operations manual and success package C

Question 3

Which of the following is often referred to as the franchisee's "bible"?

Accepted Answer

A) the franchisor's business plan 
B) the franchising agreement or contract 
C) the PERT chart 
D) the operations manual 
A) the franchisor's business plan 
B) the franchising agreement or contract 
C) the PERT chart 
D) the operations manual D

Question 4

In urban areas,approximately how much of a store's business is done by people who live or work within a five-minute drive or walk of the location?

Accepted Answer

A) half 
B) two thirds 
C) one third 
D) one fourth 
A) half 
B) two thirds 
C) one third 
D) one fourth

Question 5

The two main reasons for failure in business are:

Accepted Answer

A) lack of capital and poorly chosen location 
B) poorly chosen location and inadequate business plan 
C) poor management and lack of capital 
D) inadequate business plan and poor management 
A) lack of capital and poorly chosen location 
B) poorly chosen location and inadequate business plan 
C) poor management and lack of capital 
D) inadequate business plan and poor management

Question 6

The most important section of the business plan is:

Accepted Answer

A) The Management Segment 
B) The Executive Summary 
C) The Marketing Segment 
D) The Legal Requirements 
A) The Management Segment 
B) The Executive Summary 
C) The Marketing Segment 
D) The Legal Requirements

Question 7

What are the four main areas of taxation one must consider when reporting about a franchise's activity?

Accepted Answer

A) sales taxes,business taxes,property taxes,employee taxes 
B) sales taxes,property taxes,employee taxes,franchisor taxes 
C) sales taxes,property taxes,employee taxes,franchisee taxes 
D) sales taxes,property taxes,franchisor taxes,franchisee taxes 
A) sales taxes,business taxes,property taxes,employee taxes 
B) sales taxes,property taxes,employee taxes,franchisor taxes 
C) sales taxes,property taxes,employee taxes,franchisee taxes 
D) sales taxes,property taxes,franchisor taxes,franchisee taxes

Question 8

Which of the following is Untrue about the policies and procedures of a franchise system?

Accepted Answer

A) procedures are essentially "set in stone." 
B) both policies and procedures can be abused. 
C) policies serve as guidelines for employee actions. 
D) procedures identify the steps or elements within a process that are considered appropriate for performing assigned tasks. 
A) procedures are essentially "set in stone." 
B) both policies and procedures can be abused. 
C) policies serve as guidelines for employee actions. 
D) procedures identify the steps or elements within a process that are considered appropriate for performing assigned tasks.

Question 9

A realistic estimate for the cost of legal requirements to begin a franchising system could be:

Accepted Answer

A) $5,000 
B) $10,000 
C) $20,000 
D) $50,000 
A) $5,000 
B) $10,000 
C) $20,000 
D) $50,000

Question 10

What is the first step to good site selection?

Accepted Answer

A) examining a number of sites in terms of their "need" and forecasting demand 
B) determining markets in a geographical area with suitable customer demographics 
C) selecting the market area with the best combination of demographics in the area 
D) determining the appropriate building size and layout 
A) examining a number of sites in terms of their "need" and forecasting demand 
B) determining markets in a geographical area with suitable customer demographics 
C) selecting the market area with the best combination of demographics in the area 
D) determining the appropriate building size and layout

How many phases are included in the Franchise PERT Chart?

Which of the following is NOT a component of a properly developed franchisor plan?

Which of the following is often referred to as the franchisee's "bible"?

In urban areas,approximately how much of a store's business is done by people who live or work within a five-minute drive or walk of the location?

The two main reasons for failure in business are:

The most important section of the business plan is:

What are the four main areas of taxation one must consider when reporting about a franchise's activity?

Which of the following is Untrue about the policies and procedures of a franchise system?

A realistic estimate for the cost of legal requirements to begin a franchising system could be:

What is the first step to good site selection?

Franchising: History and Overview

Recognizing Franchising Opportunities

Franchisor Management, Organization and Administrative Policy

The Franchise Marketing Process

Selling Franchises and Marketing Research

Co-Branding

Managing the Franchisors Operations Process

Location and Site Selection

Accounting and Financial Statements: Presentation and Uses

Financial Management and Fiscal Planning Tools and Techniques

Information Systems in Franchising

Franchise Legal Documents

Trademarks, Copyrights, Patents, and Trade Secrets Stage Five: the Franchisee

Investigating Franchise Opportunities

Financing Your Franchised Business

Marketing the Franchisee Business

Managing the Franchisee Business Stage Six: the Franchiserfranchisee Relationship

The Franchising Relationship

Franchiser Support Services Stage Seven: Current Issues in Franchising

Social Responsibility and Business Ethics

International Franchising

Filters

Exam 3: The Franchisor Business Plan

How many phases are included in the Franchise PERT Chart?

Which of the following is NOT a component of a properly developed franchisor plan?

Which of the following is often referred to as the franchisee's "bible"?

In urban areas,approximately how much of a store's business is done by people who live or work within a five-minute drive or walk of the location?

The two main reasons for failure in business are:

The most important section of the business plan is:

What are the four main areas of taxation one must consider when reporting about a franchise's activity?

Which of the following is Untrue about the policies and procedures of a franchise system?

A realistic estimate for the cost of legal requirements to begin a franchising system could be:

What is the first step to good site selection?

Franchising: History and Overview

Recognizing Franchising Opportunities

Franchisor Management, Organization and Administrative Policy

The Franchise Marketing Process

Selling Franchises and Marketing Research

Co-Branding

Managing the Franchisors Operations Process

Location and Site Selection

Accounting and Financial Statements: Presentation and Uses

Financial Management and Fiscal Planning Tools and Techniques

Information Systems in Franchising

Franchise Legal Documents

Trademarks, Copyrights, Patents, and Trade Secrets Stage Five: the Franchisee

Investigating Franchise Opportunities

Financing Your Franchised Business

Marketing the Franchisee Business

Managing the Franchisee Business Stage Six: the Franchiserfranchisee Relationship

The Franchising Relationship

Franchiser Support Services Stage Seven: Current Issues in Franchising

Social Responsibility and Business Ethics

International Franchising

Filters