General Requirements: 1. Your exam response must be formatted as follows:a. A Microsoft Word document.b. A cover page that includes the name of the course, the name of your instructor, your name, and the date of your submission.c. 12 Point Times New Roman font.d. Double-spaced.e. Margins 1 inch on top and bottom, and 1.25 inches on left and right.2. You must cite both in-text and in a separate References page any and every source you use.a. Your citations must be in APA Publication Manual 6th Edition format.b. Your paper will be compared against all sources in the Turnitin Database. To the extent you use external references, you must rephrase the source into your own words. Direct quotations and/or “cut and paste” copies will not be acceptable.c. Your paper must have an Originality Score of less than 25%. Any more than that may result in a 50 point reduction in your grade based on the instructor review of your specific paper. In the event it is evident that any significant portion of your paper has been plagiarized, you will receive a zero on the final exam.3. You should begin each response section using a bold headline indicating which question you are responding to. Your response should be question by question, with each section complete. In other words, your response should be able to stand on it’s own. 4. If you use the term “as stated before” or any variation of that term in this paper you will receive a zero for the question you are answering and any question you may be referring to. 5. Your responses must be critically thought out and factually supported.a. Most of these questions could be supported with either a “pro” or a “con” response.b. Whichever path you choose, you need to provide factual support. How you “feel” or how you personally “think” about something is irrelevant in a professional environment.c. To the extent you use external resources, you need to insure they are credible.Question 1: Franchising has proven to be a successful and durable business model since its’ introduction. List and comprehensively discuss 3 of the primary reasons for this success. Question 2: From the perspective of the Franchisor there are many advantages and several critical disadvantages to the Franchise business model. List and comprehensively discuss 3 advantages and 3 critical disadvantages from the Franchisor perspective.Question 3: From the perspective of the Franchisee there are many advantages and several critical disadvantages to the Franchise business model. List and comprehensively discuss 3 advantages and 3 critical disadvantages from the Franchisee perspective.Question 4: What are the differences between Franchising and Licensing from a business perspective? Describe a situation in which Licensing may be a more appropriate relationship than Franchising, and why.Question 5: Franchisees often form an association in order to represent their positions with the Franchisor. List and comprehensively discuss 3 Franchisee positions that are typically the most contentious in the Franchisor/Franchisee relationship.Question 6:The control of quality and the ability to sanction or terminate a Franchisee in the event the Franchisee is not maintaining the quality level of a Franchise may be critical to the success of the Franchise. List and comprehensively discuss 3 of the methods that are most often used by the Franchisor to accomplish this.Question 7:Select the most important attribute a Franchisee must possess in order to be successful as the owner/operator of a Franchise. Defend why you chose this as the most important.Question 8:Business location and the decision as to whether to own or lease the Real Estate at the location is a critical component of the Franchise business plan. List and compressively discuss 2 situations in which it would be important to own the real estate, and 2 situations in which it would be important to lease the real estate.Question 9: The Obama Administrations National Labor Relations Board ruled recently that Franchisors – who are not legally the employer of a Franchisees employees – could be held as employers and forced to collectively bargain with Unions seeking to unionize the Franchise. This ruling – if it stands – may effectively alter the Franchise Business model in the United States and place a strain on hundreds of thousands of small businesses. Describe why this ruling has such major negative consequences.

Answer the following two questions using the question and answer (Q&A) format; in other words, include the original question along with your response.Within your post, support your responses with information from at least one peer-reviewed/scholarly source (not older than 3-5 years) from the Internet, and provide the full citation at the end. Use APA guidelines to format your references.What are some challenges leaders face when managing employee diversity in organizations?What are some potential solutions to those challenges?no more than a page.