Which answer below describes the greatest/fastest method/strategy to cash generation?
a. management contract c. joint-venture with less than 50 ownership
b. acquisition d. roll-over of asset
Which type of work team is composed of members representing different departments who work together to resolve issues?
a. Cross-functional
b. Simple
c. Relay
d. Problem-solving
Which of the following should control the design process?
a) Traffic flow
b) Menu
c) Service style
d) Demographics of customer
e) Budget
Franchisors have a lot of control in the franchisor-franchisee relationship. What can they not legally do as franchisors?
a. Determine royalty fees
b. Determine franchise fees
c. Require an advertisement payment fee
d. Price fix related to all products/services
e. Specify territorial restrictions
Which of the following would be the fastest way to improve ROIC?
a. buy-out of a negative lease c. management contract
b. roll-over of asset (sale) d. ownership
Which type of work team is characterized by a group of employees who do the same basic kind of work?
a. Simple
b. Relay
c. Problem-solving
d. Cross-functional
Why should Julie bother posting promotions if most of the people who like her restaurant's page have already dined at her establishment?
a. Even if a guest already likes the restaurant, they are surrounded by other options
b. Friends of the person who have not dined at the restaurant may see the promotions
c. Special announcements and deals make people who like the page feel appreciated
d. It makes for a richer experience, combined with other types of content
e. All of the above
Which of the following is NOT part of the Design Development Process?
a) Selection of finish materials
b) Sizing of design and program elements
c) Lighting design
d) Deciding whether to have an open display kitchen or not
e) Critique of acoustic materials
A corporation seeks to achieve a high return on its invested capital in a relatively brief timeframe (i.e., under 3 years). The best strategy/method would be:
a. ownership c. management contracts
b. joint-venture d. buy-out of a negative lease
___________ is a person who definitely owns and operates more than one franchised unit.
a. Multi-unit franchisee
b. Master franchisee
c. Franchise broker
d. Area representative
e. None of the answers are correct
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