A person who purports to act as agent for a principal whom both the agent and the third party know to be wholly incompetent is personally liable on a contract entered into with a third person on behalf of such a principal
Indicate whether the statement is true or false
True
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Many observers believe that the disappointing performance of such technological change is due to management’s neglect of the ____ and ____ that must accompany technological change.
a. Internal, marketplace changes b. Processes, people changes c. Structural, behavioral changes d. Environmental, behavioral changes
Which is correct?
a. Marnie works for the Federal government. b. Marnie works for the Federal Government. c. Marnie works for the federal government.
The common law "mirror image" rule has been modified by the Code
a. True b. False Indicate whether the statement is true or false
Data concerning Neuner Corporation's single product appear below: Per UnitPercent of SalesSelling price$220 100%Variable expenses 88 40%Contribution margin$132 60%Fixed expenses are $425,000 per month. The company is currently selling 4,000 units per month.Required:The marketing manager would like to cut the selling price by $11 and increase the advertising budget by $23,700 per month. The marketing manager predicts that these two changes would increase monthly sales by 400 units. What should be the overall effect on the company's monthly net operating income of this change?
What will be an ideal response?