Glen is an agent for Hi-Flite, Inc. On Hi-Flite's behalf and at its request, Glen pays Ian for certain plane maintenance and repair services. Glen's right to obtain the amount of those payments from Hi-Flite arises under the principal's duty of
A. avoidance.
B. cooperation.
C. indemnification.
D. reimbursement.
Answer: D
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Over the past 100 years or so, Binney and Smith's Crayola crayons have become a household staple in more than 80 countries around the world. The company occasionally tinkers with the product's marketing mix to maintain market share. Crayola crayons are in the ________ stage of the product life cycle.
A) growth B) extension C) development D) maturity E) decline
A go-to-market approach of a company describes the ________
A) development strategy for its product B) marketing strategy which uses no promotions C) delivery mechanisms for its product D) procurement processes for manufacturing its product
Accounting and legal services are examples of _____ services
a. proforma b. rented-goods c. nongoods d. owned-goods
Which of the following is true?
A. The departmental overhead rate is not usually based on measures closely related to production volume. B. The departmental overhead rate is most accurate in assigning overhead costs that are not driven by production volume. C. Allocated overhead costs will be the same no matter which allocation method is used. D. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved. E. Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.