If an agent claims to have authority but in fact has none, the principal is:
a. not responsible for the agent's dealings with third parties who have no reason to think the agent has authority b. responsible for the agent's dealings with third parties who have no reason to think the agent has authority
c. responsible for up to 50% of the monetary value of any contracts entered into by third parties and the agent d. responsible for up to 25% of the monetary value of any contracts entered into by third parties and the agent e. none of the other choices are correct
a
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Direct-to-consumer news releases are
A) specialized documents used to share relevant information with the news media. B) compliance documents written for governmental regulatory agencies. C) financial statements intended for the use of top corporate managers. D) general purpose tools for communicating directly with customers and other audiences. E) Twitter-ready statements.
If a company understates its ending inventory balance for 2016 by $15,500, what are the effects on its net income for 2017 and 2016? Effect on 2017 Net Income Effect on 2016 Net Income
a. Overstated by $15,500 Understated by $15,500 b. Understated by $15,500 Overstated by $15,500 c. Understated by $15,500 No effect d. Overstated by $15,500 No effect
The gross profit from a sale of inventory manufactured in the United States and sold by a U.S. retailer to a customer in Spain will always be treated as 100 percent U.S. source income.
Answer the following statement true (T) or false (F)
The Securities and Exchange Commission (SEC) works hard to prevent unscrupulous companies from misrepresenting themselves to paint a better financial picture for investors than they really have. Yet, in the end, it is up to investors to research the companies in which they want to invest because ________ is the norm when investing in the stock market.
A. ?est la vie B. modus operandi C. de facto marketing D. anguis in herba E. caveat emptor