Which of the following agents would not have authority to contract with third parties on behalf of the principal?
a. A salesman who sells his employer's goods.
b. A manager who hires employees for the store owner.
c. A factory worker hired to operate a machine.
d. A buyer who regularly buys merchandise for a store.
e. All agents have authority to contract with third parties on behalf of their principals.
c
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Which of the following is both an estimated liability and a contingent liability?
A) Cosignature on $500 loan B) Current portion of long-term debt C) Warranty liability D) Liability for dividends
According to the text, companies are now accepting the need for
A. eliminating top management. B. organizing based first on geography. C. reducing the size of middle management. D. less frequent reorganization. E. eliminating structures based on function.
______ reasoning draws comparisons between two objects or cases.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true of a target market characterized by widely scattered potential customers, highly informed buyers, and brand-loyal repeat purchasers?
a. It requires a promotional mix with more social media and less sales promotion. b. It requires a promotional mix with more personal selling and less advertising. c. It requires a promotional mix with more advertising and less personal selling. d. It requires a promotional mix with more sales promotion and less social media.