In Cove Management v. AFLAC, Galgano, an independent contractor who solicited insurance business for AFLAC, rented office space from Cove under AFLAC's name. When Galgano defaulted on payments, Cove sued AFLAC contending that Galgano was its agent when he rented the office, so AFLAC was liable. The appeals court held that AFLAC was liable as it had given Galgano apparent authority to make the
lease.
a. True
b. False
Indicate whether the statement is true or false
False
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Torilyn bought a $45,000 delivery van on account. This transaction would
a. increase an asset and decrease an asset; b. decrease an asset and decrease owner's equity; c. decrease a liability and increase owner's equity; d. increase a liability and increase an asset; e. increase an expense and decrease owner's equity.
In the EOQ model, the annual number of orders is given by?
a. Q/2 b. D/Q c. Q/D d. 2Q
Actions by a union of withdrawing its labor in support of bargaining demands, including those for recognition or organization, are:
A. sympathy strikes. B. economic strikes. C. unfair labor practice strikes. D. unprotected strikes.
Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as _____ planning.
a. dimensional b. tactical c. strategic d. operational