1)Ways to value a business include comparison to other firms, benchmarking, or looking at a multiple of net earnings. Any of the methods is an attempt to arrive at a ________. Select one: a. profit maximizing price b. future value c. net present value d. fair market value

2) In valuing a business, the methods that buyers and sellers can use include ________. Select one: a. book value b. market-based value c. Any of these. d. future earnings

3) Which of the following is not a benefit of franchising to the franchisor? Select one: a. royalties b. the minimal number of regulations regarding franchising c. higher marketing and promotional costs d. growth with minimal capital investment