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Question
Courtney Young is the founder of a company in the semiconductor industry. Courtney's firm is still in the feasibility analysis stage and doesn't have a product that is ready to sell. The company is spending about $25,000 per month and expects to maintain that level of spending until it reaches profitability. The $25,000 a month is Courtney's ________ rate.A) consumption
B) utilization
C) burn
D) usage
E) liquidity
Answer
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Related questions
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In the context of international franchising, under a ________ franchise arrangement, the U.S. firm grants the rights to an individual or company (the master franchisee) to develop one or more franchise businesses and to license others to develop one or more franchise businesses within the country.
A) master
B) direct
C) subordinate
D) concurrent
E) multinational
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The Franchise Disclosure Document is the document that consummates the sale of a franchise.
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While franchise agreements vary, each agreement typically contains these sections: the ________ agreement and the ________ agreement.
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C) buy; membership
D) procurement; statutory
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A) franchise disclosure document
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C) license agreement
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List and explain three of the common misconceptions about franchising.
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Which of the following is not a type of trademark?
A) Trademark
B) Certification mark
C) Documentation mark
D) Collective mark
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Design patents are the most common type of patent and cover what we generally think of as new inventions.
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The average time for the approval of a patent is approximately seven months.
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A) breach
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C) violation
D) infraction
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The sole entity responsible for granting patents in the United States is the ________.
A) U.S. Patent and Trademark Office
B) Federal Patent, Copyright and Trademark Office
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D) Theodore Roosevelt
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Which of the following is an example of intellectual property?
A) DripCatch's cash reserves
B) The computer that you use
C) Nike's swoosh logo
D) United's fleet of planes
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A firm's target market is the limited group of individuals or businesses that it goes after or tries to appeal to.
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Once a firm has segmented the market, the next step is to ________.
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B) subdividing
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Which of the following statements is untrue regarding a firm's sales process?
A) A formal sales process helps a firm fine tune its approach to sales and build uniformity into the process.
B) Following a formal or structured process to generate and close sales benefits a firm.
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A) value-based
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B) acknowledgement accounts
C) referent accounts
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