An express agency requires:
A) An oral or written agreement between the principal and agent.
B) No agreement if the conduct indicates an implied agreement.
C) A written agreement between the principal and agent.
D) An ongoing arrangement for a reasonable period of time.
A
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Which of the following is an external source of new product ideas?
A) company employees B) company salespeople C) independent inventors D) the research and development department
Sia plays Town & Country (T&C), a virtual world in which T&C dollars are traded for real dollars at a ratio of 250 to 1. To play the game, Sia had to agree that T&C has the right to erase all of Sia's virtual property on her death. To avoid this fate, Sia should
A. change all passwords without informing T&C. B. name a digital executor to collect Sia's passwords after her death. C. disavow any and all affiliation with T&C. D. exchange all virtual assets for virtual dollars.
Which of the following is true of common stock?
A) It is often considered quasi-debt due to fixed payment obligation. B) It has less restrictive covenants than debt. C) It gives the holder voting rights which permit selection of the firm's directors. D) Its holders have priority over preferred stockholders in the event of liquidation of assets.
Why is the time value of money an important concept in financial planning?
What will be an ideal response?