An agent for an unidentified principal is liable on the contract to the third party no matter whether the particular transaction is authorized or not
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following expressions is termed the profit margin factor as used in determining the rate of return on investment?
A) Sales/Income From Operations B) Income From Operations/Sales C) Invested Assets/Sales D) Sales/Invested Assets
Franchisors generally receive revenues from franchisees from all of the following except _____
a. initial franchise fee b. quality control fee c. percent of gross sales royalty fee d. sale of goods and services to franchisee
Which of the following statements regarding the capital expenditures budget is correct?
A) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget. B) Capital expenditures are purchases of long-term assets, such as office supplies. C) The decision to purchase long-term assets is part of a strategic plan. D) Capital expenditures are inexpensive assets.
A corporation must obtain shareholder approval before the company
A. sells off a major portion of its business to another company. B. opens additional offices. C. hires or fires a significant number of employees. D. expands into foreign markets.