An agency by ratification occurs when the principal ________
A) accepts an unauthorized act created by an unauthorized agent
B) accepts an authorized act created by an authorized agent
C) creates the appearance of an agency that in actuality does not exist
D) accepts an act carried out under the implied authority of an agent
A
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Unlike physical products, services cannot be seen, tasted, felt, heard, or smelled before they are bought. This characteristic of services is known as ________
A) inseparability B) intangibility C) variability D) perishability E) heterogeneity
Which of the following is a common use of a routine message?
A) Making claims and requesting adjustments B) Refusing to make a recommendation C) Determining fault for a missed deadline D) Developing a marketing pitch E) Asking for a pay increase during difficult economic times
What is the assignment method?
What will be an ideal response?
The risk-free rate of return is 3% and the expected return on the market portfolio is 14%. Oklahoma
Oilco has a beta of 2.0 and a standard deviation of returns of 26%. Oilco's marginal tax rate is 35%. Analysts expect Oilco's net income to grow by 12% per year for the next 5 years. Using the capital asset pricing model, what is Oklahoma Oilco's cost of retained earnings? A) 18.6% B) 21.2% C) 25.0% D) 22.8%