Miklos employs Nathalie to handle a list of financial transactions on Miklos's behalf. This power will terminate on
a. any transaction causing a loss to Miklos.
b. Miklos's death or incapacity.
c. Miklos's sixty-fifth birthday.
d. Nathalie's handling of one of each stipulated transaction.
b
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If the goods required for the performance of a contract are destroyed without fault of either party prior to the time the risk of loss passed to the buyer, then the contract is voided.
Answer the following statement true (T) or false (F)
Which of the following would be considered part of a firm's business risk?
A. The firm's default risk B. The risk that some of the firm's bonds will be repaid prior to their maturities C. The general liability that is associated with the product line the firm manufactures and sells D. Risk of loss due to currency fluctuations E. Interest rate reinvestment risk
An accounting firm realizes it is woefully inadequate at cultivating new clients. It is allowed to observe a rival firm perform the new-client cultivation process in hopes of gleaning improved methods it can adopt. This is an example of:
A) competitive benchmarking. B) functional benchmarking. C) internal benchmarking. D) generic benchmarking.
While glancing over the sensitivity report, you note that the stitching labor has a shadow price of $10 and a lower limit of 24 hours with an upper limit of 36 hours
If your original right hand value for stitching labor was 30 hours, you know that: A) the next worker that offers to work an extra 8 hours should receive at least $80. B) you can send someone home 6 hours early and still pay them the $60 they would have earned while on the clock. C) you would be willing pay up to $60 for someone to work another 6 hours. D) you would lose $80 if one of your workers missed an entire 8 hour shift.