When an agent terminates an agency arrangement, the agent's action is called:

A) Rejection of authority.
B) Reaffirmation of authority.
C) Reacquisition of authority.
D) Revocation of authority.
E) Renunciation of authority.


E

Business

You might also like to view...

Wesley Electronics Inc. manufactures electronic gadgets. Its marketing team spent a great deal of money on advertising to create awareness about the company's products among potential customers and employs a variety of methods, such as print, broadcast, and online advertising. According to the steps involved in segmenting a market, Wesley Electronics most likely is:

A. selecting a market or product category for study. B. designing and implementing its marketing mix. C. profiling and analyzing market segments. D. selecting segmentation descriptors for a market.

Business

The duty of a seller not to take advantage of gullibility, immaturity, ignorance, or any other factor that might reduce the buyer's ability to make a rational choice is called duty not to ___________.

Fill in the blank(s) with the appropriate word(s).

Business

According to the authors’ focus, which is NOT an example of organizational change?

a. Downsizing b. Installing new technology c. Increasing existing sales efforts d. Outsourcing

Business

On January 1, 2017, Zing Services issued $168,000 of six-year, 12% bonds when the market interest rate was 11%

The issue price of the bonds was $177,110. Zing uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? A) $10,627 B) $9,741 C) $10,080 D) $9,240

Business