One may become liable through ratification for an unauthorized act that was done by an agent.

Answer the following statement true (T) or false (F)


True

Business

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When the market value of inventory items has declined below its cost, which method would be the most appropriate in complying with GAAP?

a. Gross Profit b. LIFO c. Lower of Cost or market d. Retail

Business

Many people consider financial independence to be their most important financial goal

Indicate whether the statement is true or false.

Business

One hundred percent of which country's population was in urban areas in 2013?

A. Italy B. United Kingdom C. Singapore D. United States E. Germany

Business

Good packaging

A. can lower distribution costs. B. can make a product easier or safer to use. C. can make products easier to handle and display. D. can be an important promotional tool. E. All these answers are correct.

Business