Implied authority consists of:
a. the power of an agent to do whatever is authorized by the Uniform Agency Act b. the power to mingle the funds of the agent and principal
c. limits on an agent's actions, so that the agent may only do what the principal orders, in writing or orally d. the power of the agent to withhold services if the principal fails to pay her
e. none of the other choices
e
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If the present and future values are known along with the number of periods, then the _________________________ can be determined
Fill in the blank(s) with correct word
Diversified retailers are characterized by the need to _____
a. coordinate branch store policies with main stores b. restrict competition c. control merchandise lines d. coordinate interdivision competition
Under the indirect method, the net cash flow from operating activities is computed by adjusting net income to remove the effect of all deferrals of past operating cash receipts and payments, and all accruals of future operating cash receipts or payments
Indicate whether the statement is true or false
One of the advantages of an Employee Stock Ownership Plan is that ________.
A. the owner will have to look for buyers in the general public B. it will prevent employees from having control of the company C. employees will likely quit and leave D. ESOPs offer tax breaks to the company