Which of the following is not required of an agency relationship?
a. Consideration.
b. Fiduciary relationship.
c. Consent of the parties to act as agent or principal.
d. Control of principal over agent's conduct.
a
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To meet the end customer order due dates, it is the responsibility of the master scheduling and MRP system to ensure that ______.
a. purchase orders are issued with the right prices at which materials are to be purchased b. production and purchase orders are issued with valid due dates c. the right quantities of materials are specified d. the right personnel are hired for the company
Delacroix discovers a boat adrift, and retrieves and anchors it. The boat features a number on its side and other evidence pointing to its owner, Elvira. This is
A. an involuntary bailment. B. a voluntary bailment. C. an express bailment. D. no bailment.
Estimates of a stock's beta may vary depending on
I. when the estimate was made. II. the risk-free rate of interest used. III. how many months of returns were used to estimate the beta. IV. the index used to represent market returns. A) I, II and IV only B) II and IV only C) I, III and IV only D) I, II and III only
An efficiency expert makes periodic checks for weighting errors for a long distance shipping firm. The expert inspects for errors in weighing, in recording weights, and errors in processing the bills of lading. Based on past records, the number of
weekly errors for all shipments averages 5.30 with a standard deviation of 1.23, and the frequency histogram approximates a normal distribution. Suppose x is the number of weighing errors that will occur next week. Compute the approximate probability for (x = 6).