Question 1

In financial planning with the franchised business,the most basic and essential variable of the financial planning tools is the:

Accepted Answer

A) inventory schedule 
B) sales forecast 
C) pro forma balance sheet 
D) econometric models for forecasting liabilities 
A) inventory schedule 
B) sales forecast 
C) pro forma balance sheet 
D) econometric models for forecasting liabilities B

Question 2

The income statement is used to plan:

Accepted Answer

A) liquidity for the firm 
B) profitability for the firm 
C) anticipated costs of operation 
D) asset utilization for the business 
A) liquidity for the firm 
B) profitability for the firm 
C) anticipated costs of operation 
D) asset utilization for the business B

Question 3

All of the current assets of the firm,or more specifically,current assets minus current liabilities equals:

Accepted Answer

A) cash discounts 
B) marketable securities 
C) inventory management 
D) working capital 
A) cash discounts 
B) marketable securities 
C) inventory management 
D) working capital D

Question 4

The cash flow statement is used to plan:

Accepted Answer

A) liquidity for the firm 
B) profitability for the firm 
C) anticipated costs of operation 
D) asset utilization for the business 
A) liquidity for the firm 
B) profitability for the firm 
C) anticipated costs of operation 
D) asset utilization for the business

Question 5

Short-term obligations created by the franchisee in buying supplies,materials or services associated with running the business are referred to as:

Accepted Answer

A) inventory management 
B) accounts receivable 
C) accounts payable 
D) working capital 
A) inventory management 
B) accounts receivable 
C) accounts payable 
D) working capital

Question 6

"Pro forma" accounting statements as used in business financial planning means:

Accepted Answer

A) actual accounting of income and expenses 
B) actual accounting of assets and liabilities 
C) a statement of anticipated costs and revenues or change in assets,liabilities and equity based upon prior (operating)financial performance. 
D) none of the above 
A) actual accounting of income and expenses 
B) actual accounting of assets and liabilities 
C) a statement of anticipated costs and revenues or change in assets,liabilities and equity based upon prior (operating)financial performance. 
D) none of the above

Question 7

Often considered the most critical financial component of working capital is

Accepted Answer

A) marketable securities 
B) inventory management and recovery 
C) cash 
D) accounts receivable 
A) marketable securities 
B) inventory management and recovery 
C) cash 
D) accounts receivable

Question 8

Estimation of sales and other income for a period and cash disbursements to be paid in the same period identifies the components of the:

Accepted Answer

A) balance sheet 
B) income statement 
C) cash flow statement 
D) none of the above. 
A) balance sheet 
B) income statement 
C) cash flow statement 
D) none of the above.

Question 9

Which one of the following is Not a common method of borrowing funds in the short-term when considering the rate of interest to be paid:

Accepted Answer

A) percentage-of-sales method 
B) simple 
C) add-on 
D) discount 
A) percentage-of-sales method 
B) simple 
C) add-on 
D) discount

Question 10

To fund a franchise business,most franchisee use:

Accepted Answer

A) a single source of funding 
B) multiple sources of funding 
C) already have sufficient liquidity to fund the startup and need no additional funding 
D) none of the above 
A) a single source of funding 
B) multiple sources of funding 
C) already have sufficient liquidity to fund the startup and need no additional funding 
D) none of the above

In financial planning with the franchised business,the most basic and essential variable of the financial planning tools is the:

The income statement is used to plan:

All of the current assets of the firm,or more specifically,current assets minus current liabilities equals:

The cash flow statement is used to plan:

Short-term obligations created by the franchisee in buying supplies,materials or services associated with running the business are referred to as:

"Pro forma" accounting statements as used in business financial planning means:

Often considered the most critical financial component of working capital is

Estimation of sales and other income for a period and cash disbursements to be paid in the same period identifies the components of the:

Which one of the following is Not a common method of borrowing funds in the short-term when considering the rate of interest to be paid:

To fund a franchise business,most franchisee use:

Franchising: History and Overview

Recognizing Franchising Opportunities

The Franchisor Business Plan

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

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

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Exam 11: Financial Management and Fiscal Planning Tools and Techniques

In financial planning with the franchised business,the most basic and essential variable of the financial planning tools is the:

The income statement is used to plan:

All of the current assets of the firm,or more specifically,current assets minus current liabilities equals:

The cash flow statement is used to plan:

Short-term obligations created by the franchisee in buying supplies,materials or services associated with running the business are referred to as:

"Pro forma" accounting statements as used in business financial planning means:

Often considered the most critical financial component of working capital is

Estimation of sales and other income for a period and cash disbursements to be paid in the same period identifies the components of the:

Which one of the following is Not a common method of borrowing funds in the short-term when considering the rate of interest to be paid:

To fund a franchise business,most franchisee use:

Franchising: History and Overview

Recognizing Franchising Opportunities

The Franchisor Business Plan

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

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