The legal document that authorizes a person or a company to act as an agent for a principal is called:
a. power of law
b. power of agency c. power of principal d. power of plaintiff
e. none of the other choices are correct
e
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Horizontal analysis is performed by:
a. comparing expenses with incomes. b. computing and comparing ratios over the years. c. comparing ratios with industry standards. d. computing dollar and percentage changes in financial statement items.
How is legal precedent used between courts of different states?
A) Courts of a state cannot cite the judicial decisions of courts of another state in its decisions. B) Courts of a state must follow precedent from courts of another state for similar cases. C) Courts of a state can use precedent from courts of another state as a form of guidance. D) Courts of a state cannot challenge the precedence of courts of another state.
Which of the following is NOT a type of brand?
a. personal b. private c. generic d. manufacturer e. producer
In the context of accounting, which of the following best defines cost?
A. The value of equities a firm has at its disposal B. Theincome from which public expenses are met C. The income lost due to unaccountable decision-making D. The value of what is given up in exchange for something else