When a customer writes a check, a principal-agency relationship is created with the customer as

the principal and the bank as the agent.

Indicate whether the statement is true or false


TRUE

Business

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If a distributor persuades a manufacturer to refuse to deal with a rival distributor, the two parties:

A. have committed a per se violation of Section 1 of the Sherman Act. B. do not violate Section 1 of the Sherman Act since this is a unilateral action. C. are attempting vertical price-fixing. D. are conspiring to form a monopoly, thus directly violating Section 2 of the Sherman Act.

Business

“Crashing” a project ______.

a. is speeding up a project’s activities to accelerate its completion b. is equivalent to cancellation of a project c. is the unexpected termination of a project due to an external event (e.g., a natural disaster) d. is the unexpected termination of a project due to an internal event (e.g., poor management)

Business

An inherent problem related to speaking rate is verbal fillers

Indicate whether the statement is true or false

Business

Accrued expenses represent a spontaneous form of financing

Indicate whether the statement is true or false

Business