If apparent authority is present, the principal is liable for even the unauthorized acts of the agent
Indicate whether the statement is true or false
True
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All else being equal, when using the payback period method to compare the capital investment between several options, a company would choose to invest in the capital asset if which of the following is TRUE?
a) If the payback period equals the amount invested. b) If the expected accounting rate of return is less than the required rate of return. c) The payback period is the longest of all of the options. d) The payback period is the shortest of all of the options.
An express warranty requires that the warranty be expressed in words
a. True b. False Indicate whether the statement is true or false
Choosing suppliers simply based on the lowest bid has become a somewhat rare approach
Indicate whether the statement is true or false
Which of the following buying methods would a supermarket buyer be most likely to use in the purchase of grade A large eggs?
A. competitive bidding B. purchasing specifications C. negotiated contract D. complex buying