The result of an agent's functioning is exactly the same as if the principal had dealt directly with the third person
a. True
b. False
Indicate whether the statement is true or false
True
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According to your text, what is the biggest challenge in global branding?
A. translating promotional materials into another language so that the meaning does not get lost B. grouping nations with consumers that have similar tastes and brand preferences C. staying easily recognizable at any location, while remaining compatible with local culture and traditions D. coming up with different brand strategies for different countries E. adhering to the regulations of other countries when promoting the product
The ________ includes both pensions and support payments for permanently disabled workers who are still too young to retire
a. Employee Retirement Income Security Act b. Worker Adjustment and Retraining Act c. U.S. Social Security system d. Employee Free Choice Act
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$78 Units in beginning inventory 0Units produced 8,800Units sold 8,700Units in ending inventory 100 Variable costs per unit: Direct materials$18Direct labor$10Variable manufacturing overhead$4Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$255,200Fixed selling and administrative expense$87,000 What is the net operating income for the month under variable costing?
A. $14,500 B. $11,300 C. $2,900 D. $17,400
Webb Owens signed a listing agreement with Tom-Tom Realty to sell his 7,200-acre ranch. Ralph Watkins, the listing agent from Tom-Tom, assures Webb that if Webb finds a buyer there is no commission due and owing. However, the title at the top of the signed listing agreement is "Exclusive Right to Sell." Webb does indeed find a buyer for the ranch, the sale goes through, and both Ralph and Tom-Tom
demand their commissions. Must Owens pay the commission? A) No, Owens had an open listing B) No, because Owens was the procuring cause of the sale C) Yes, because the parol evidence rule requires the enforcement of the written agreement D) No, because Watkins engaged in misrepresentation