Betty authorizes William to act as her agent. William is required to purchase a vehicle on Betty's behalf. Which of the following statements is true of this scenario?
A) If a seller knows that William is acting as an agent, but does not know Betty's identity, William is ultimately liable to the seller.
B) If a seller knows that William is acting as an agent, but does not know Betty's identity, Betty is said to be an undisclosed principal.
C) If a seller does not know that William is acting as an agent, William is liable to the seller.
D) If a seller knows Betty's identity and is aware that William is an agent, Betty is said to be a partially disclosed principal.
C
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Herzberg (1966) referred to those factors which are prerequisites for individual motivation but which cannot act as motivators alone, as:
a. hygiene factors b. satisfiers c. elemental factors d. maintenance factors
Under the Uniform Commercial Code (UCC), a remedy available to the buyer if the seller breaches a contract is the right to ________
A) recover damages before cancellation of the contract B) recover the purchase price if the seller is unable to sell or dispose of goods C) recover damages for accepted goods even if the seller is not notified of the breach of contract D) keep some goods and reject the others if the goods or tender fail to conform to the contract
A system used by companies to systematically plan and control their logistics and product distribution activities through generating a time-phased inventory replenishment plan to manage and minimize inventories in the supply chain is known as ______.
A. DRP B. ERP C. MRP II D. CRP
If Edmund and Kaylin have a writing mistakenly showing a sale and purchase of goods for $10,000 when the price should have been $1,000, a court will most likely
a. enforce the agreement, relying on oral testimony to determine the correct price. b. only enforce the agreement as written. c. not hear the case unless both parties are merchants. d. not enforce the agreement since the writing did not reflect a meeting of the minds of the parties.