Actual authority includes both expressed authority and implied authority
Indicate whether the statement is true or false
TRUE
You might also like to view...
At Procter & Gamble, one of the problems they were facing was that 80-plus country teams were all acting independently. Pampers Europe was not collaborating with Pampers North America. This example illustrates the differences due to their:
A) geocentric orientation. B) regiocentric orientation. C) polycentric orientation. D) ethnocentric orientation. E) poor globalization orientation.
According to the "American Rule," when contracting parties litigate over a breach:
a. each party pays its own attorney fees, regardless of who wins. b. attorney fees are considered consequential damages. c. the losing party has to pay the winner's attorney fees. d. a provision for attorney fees in the written contract will not be given effect.
When there is a full forward cover with the spot rate equal to the forward rate all of the following are true EXCEPT:
A) The hedge is asymmetric. B) There is no uncovered exposure remaining. C) The total position is a perfect hedge. D) The currency hedge ratio is equal to 1.
In Parish v. ICON, where a person was severely injured when jumping on a trampoline and sued its maker and the maker of a safety net for failure to warn, the Iowa high court held that:
a. the makers had no duty to warn because the danger was obvious b. the makers had a poorly designed set of instructions, so could be liable c. the makers had failed to produce any warnings, so were liable d. produced products that should never have been placed on the market because they are so dangerous that warnings are unhelpful e. none of the other choices