One of the key advantages of a franchise is: receiving management and marketing expertise from the franchisor. fewer restrictions on selling than in other forms of businesses. lower start-up costs than all other businesses. getting to keep all the profits of your business after taxes.

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries

Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80

Experienced problem solvers always consider both the value and units of their answer to a problem. why?