An agency contract appointing the agent for a period of more than one year does not have to be in writing

Indicate whether the statement is true or false


False

Business

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Las Palmas Company reported the following items on its financial statements for the year ending December 31, 2016: Sales $ 560,000 Cost of goods sold $400,000 Salary expense 40,000 Interest expense 30,000 Dividends 30,000 Income tax expense 25,000 How much will be reported as retained earnings on Las Palmas' balance sheet at December 31, 2016, if this is the first year of operations?

a. $ 45,000 b. $ 35,000 c. $ 85,000 d. Not enough information is provided.

Business

Sony entered into a strategic partnership with Samsung in order to produce flat-panel TV screens due to the high product development costs

Indicate whether the statement is true or false

Business

Name the most challenging and creative type of sales presentation.

What will be an ideal response?

Business

The first U.S. labor unions were organized by

A. Industry, with a focus on local employment issues. B. Industry, with a focus on national employment issues. C. Craft lines, with a focus on local employment issues. D. Craft lines, with a focus on national employment issues.

Business