Through agents, a principal can conduct multiple business operations simultaneously
a. True
b. False
Indicate whether the statement is true or false
True
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Compton Products Inc Compton Products Inc manufactures humidifiers. The company currently makes all of the electronic components for the humidifier itself. When 10,000 units are manufactured each year, the motor costs per unit are as follows: Direct materials $6 Direct labor 8 Variable overhead 7 Fixed overhead 9 McClintock Inc has offered to sell Compton 10,000 motors for $25 per unit. If
Compton accepts the offer, 75% of the fixed overhead currently allocated to the motors could be avoided. Refer to the Compton Products Inc information above. If Compton accepts the offer to purchase 10,000 motors from McClintock, the net income will: A) increase by $27,500. B) decrease by $17,500. C) increase by $50,000. D) decrease by $40,000.
Providing effective customer service is relatively simple because it is usually clearer how to repair a negative experience than it is to provide an initial purchase experience that is satisfying to the customer.
Answer the following statement true (T) or false (F)
An LLC is formed by delivering ________ to the office of the secretary of state of the state of organization for filing.
A. corporate charter B. franchise agreement C. organization agreement D. articles of organization
For ratification to occur, the agent must have purported to act on behalf of, or as agent for, the identified principal
Indicate whether the statement is true or false