Which of the following statements is true of the duty of compensation?
A) It does not permit an agent to be paid on a contingency fee basis.
B) If the parties in an agency cannot agree on the amount, courts will usually award the compensation claimed by one of the parties.
C) It requires a principal to compensate an agent for any losses incurred when the agent is acting on behalf of the principal.
D) It requires a principal to compensate an agent for services rendered even in the absence of a written agreement.
D
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Following ________, there are seven stages in the buying process
A) need recognition B) establishing specifications C) request for proposals D) post-purchase evaluation
The Taylor Company uses a process costing system. Assume that direct materials are added at the beginning of the period and that direct labor and overhead are added continuously throughout the process. The company uses the FIFO costing method. The following data are available for one of its accounting periods Units Beginning work in process 26,000 (70 percent complete for conversion costs) Units
started 180,000 Units transferred out 191,000 Ending work in process 15,000 (60 percent complete for conversion costs) Assume that you have calculated a direct materials cost per unit of $4 and a conversion cost per unit of $7. Under this assumption, the ending balance for Work in Process Inventory of Taylor Company would be A) $82,000. B) $165,000. C) $99,000. D) $123,000.
Which of the following trends have most drastically changed the work of public relations practitioners?
A) the growth of cable television B) the rise of social media C) consumer use of mobile phones D) availability of satellite technology
A major purpose in communication is to help people feel good about themselves and their friends, groups, and organizations
Indicate whether the statement is true or false