The major difference between an agent who is paid and a gratuitous agent is the
a. amount of time spent on agency business.
b. type of work the agent may perform.
c. amount of authority the agent has.
d. right to refuse to carry out the principal's instructions.
D
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Which of the following is included in the entry to record the employer's payroll taxes?
A) a debit to State Unemployment Tax Payable B) a credit to Payroll Tax Expense C) a credit to FICA-OASDI Tax Payable D) a credit to Salaries Payable
Usually, a company must make estimates in the preparation of financial statements as of a given date
Indicate whether the statement is true or false
Which of the following statements about Activity-Based Management (ABM) is false?
a. ABM analyzes performance problems. b. ABM will accomplish all of the above. c. ABM translates company goals into organizational activities. d. ABM analyzes activities and identifies their cost drivers.
________ variability in revenues and a/an ________ operating margin mean higher business risk
A) Greater; increasing B) Lesser; declining C) Greater; declining D) None of the above.