What kind of probability is demonstrated if Mr. Lane is asked to predict the duration of his next commute?
A) subjective probability
B) conjecture probability
C) objective probability
D) reflexive probability
Answer: C
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________ intermediaries perform a variety of physical distribution, transaction and communication, and facilitating functions that make exchange possible. They do not take title to the product.
A. Retailer B. Supplier C. Wholesalers D. Distributor E. Agent
The passage of recent federal legislation has assured that privacy will not be threatened by technology advancements
Indicate whether the statement is true or false
How can a principal extinguish an agent's apparent authority?
What will be an ideal response?
Jervis sells $3100 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 2% factoring fee. What entry should Jervis make to record the transaction?
A. Debit Accounts Receivable $3038; debit Factoring Fee Expense $62; credit Cash $3100. B. Debit Cash $3038; debit Factoring Fee Expense $62; credit Accounts Receivable $3100 C. Debit Accounts Receivable $3100; credit Factoring Fee Expense $62; credit Cash $3038 D. Debit Cash $3038; credit Accounts Receivable $3038 E. Debit Cash $3100; credit Factoring Fee Expense $62; credit Accounts Receivable $3100