Sela agrees to act on Thom's behalf, subject to Thom's control, and Thom trusts Sela to so act. They set out the terms in a written document, which they both sign. This is

A. an agency by agreement.
B. an agency by estoppel.
C. an agency by ratification.
D. not the creation of an agency relationship.


Answer: A

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The target costing approach increases the likelihood that low-margin products will be introduced

Indicate whether the statement is true or false

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The profit-and-loss-sharing ratio among Simonsen, Paulson, and Richardson is 1:3:2, in the order given. Paulson is retiring from the partnership on December 31, 2018. Paulson's capital account is settled at book value. Which of the following journal entries would the firm record for Paulson's withdrawal?

Simonsen, Paulson, and Richardson are partners in a firm with the following capital account

balances:





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As one of the statistics associated with discriminant analysis, the ________ for each predictor is the ratio of the within-group sum of squares to the total sum of squares. Its value varies between 0 and 1

A) Wilks' ? B) discriminant scores C) discriminant function coefficients D) eigenvalue

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