With respect to #37 above, what if the agreement between Ms. Demming and Ms. Underwood were oral?
A) An oral agreement for a commission is generally unenforceable
B) There is no principal/agent relationship if the agreement is oral
C) An oral agreement for a commission is enforceable if the broker/agent has relied upon it
D) Ms. Demming would owe a reasonable commission, but not necessarily 7%
A
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Checks presented for payment and paid by the bank are known as
a. Canceled checks b. Certified checks c. NSF checks d. Outstanding checks
A unilateral refusal to deal can violate antitrust laws if the refusal
a. is likely to have an anticompetitive effect on a particular market. b. results in lower prices for consumers. c. provides no economic benefits for consumers. d. is likely to increase competition.
Due to its large sales volume and low cost structure, Quick Serve Mini-Marts enjoys a cost leadership position. Which of the following scenarios might threaten Quick Serve's competitive advantage?
A. Existing competitors in the mini-mart industry lower their prices to match those of Quick Serve. B. Industry suppliers raise their prices. C. A new competitor is perceived to provide similar value, but in addition offers innovative self-checkout. D. Competitors engage in an all-out price war.
Firm A is very aggressive in its use of debt to leverage up its earnings for common stockholders, whereas Firm NA is not aggressive and uses no debt. The two firms' operations are identical--they have the same total investor-supplied capital, sales, operating costs, and EBIT. Thus, they differ only in their use of financial leverage (wd). Based on the following data, how much higher or lower is A's ROE than that of NA, i.e., what is ROEA - ROENA? Do not round your intermediate calculations. Applicable to Both Firms Firm A's Data Firm NA's DataCapital$210,000 wd50% wd0%EBIT$40,000 Int. rate12% Int. rate10%Tax rate35% ?
A. 4.90% B. 3.71% C. 4.58% D. 5.54% E. 3.76%