Carol learns that Dave has hired a new employee to work at her company. Although Dave did not have permission to hire the new employee, Carol likes the new employee and decides to honor all the terms of the employment contract that Dave negotiated
Which of the following types of agency relationship have Carol and Dave formed?
A) agency by implied authority
B) agency by agreement
C) agency through ratification
D) agency by estoppel
C
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Indicate whether the statement is true or false.
In a Japanese society, which statement regarding rank is incorrect?
a. The person of lower rank bows first and lowest. b. The higher the rank of the person you are introduced to, the lower you bow. c. When entering a room, the lowest ranking person enters first, leaving the highest ranking person to enter last. d. The middle-level manager in a large company outranks a department head from a smaller company.
. ____________is a process in which people disagree over significant issues, therefore creating friction.
a. Competition b. Conflict c. Interdependence d. Contrary
The idea behind price skimming is to quickly recover the costs of research and development.
Answer the following statement true (T) or false (F)