The principal has a duty to perform all of the following except: ______

A) a duty to perform the contract according to its terms.
B) a duty to compensate the agent for services.
C) a duty to indemnify the agent for loss in some circumstances.
D) a duty of loyalty to the agent.


D

Business

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For most business presentations, ________ are the medium of choice

A) flip charts B) whiteboards C) electronic slides D) overhead transparencies E) chalkboards

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While South Korea is considered as "ready for tomorrow" in terms of Internet speed, countries which are "below today's applications threshold" include all of the following except:

A) the United States. B) Germany. C) India. D) Hong Kong. E) China.

Business

On July 10, a hardware retailer purchased merchandise inventory on account for $1,800. The company plans to pay $1,600 the following week and the remaining amount the week after. Which of the following is the correct entry to record the July 10 transaction in a purchases journal? Assume a perpetual inventory system is used.

A) $1,600 will be recorded in the Accounts Payable CR and Merchandise Inventory CR columns. B) $3,400 will be recorded in the Accounts Payable DR and Merchandise Inventory DR columns. C) $1,800 will be recorded in the Merchandise Inventory CR and Accounts Payable DR columns. D) $1,800 will be recorded in the Accounts Payable CR and Merchandise Inventory DR columns.

Business

Which of the following represents the proper order of financial statement preparation?

A) Statement of cash flows, balance sheet, income statement, statement of retained earnings B) Statement of retained earnings, income statement, statement of cash flows, balance sheet C) Balance sheet, statement of cash flows, statement of retained earnings, income statement D) Income statement, statement of retained earnings, balance sheet, statement of cash flows

Business