If an employee acts without authority and a third person justifiably relies on the employee's authority, this is called:
a) actual authority
b) apparent authority
c) implied authority
d) none of the above
B
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The prices of bonds are quoted as a percentage of the bonds' market value
a. True b. False Indicate whether the statement is true or false
Which of the following is not true?
a. Acquisition cost for a merchandising firm includes the costs incurred to purchase and transport the inventory prior to sale. b. Acquisition cost for a manufacturing firm includes the direct material, direct labor, and manufacturing overhead cost to produce the inventory. c. If the market values of inventory items decline below acquisition cost prior to sale, firms must reduce their balance sheet carrying values using the lower of cost or market method. d. If the market values of inventories increase during a period, IFRS permits firms to recognize the unrealized gain to the extent that the firm had previously recognized an unrealized loss on those inventory items. e. If the market values of inventories increase during a period, U.S. GAAP permits firms to recognize the unrealized gain to the extent that the firm had previously recognized an unrealized loss on those inventory items.
Chose the correct number form in parentheses. Ava sold (9, nine) tickets to the school play, and Robert sold (17, seventeen) tickets
The marketing concept reflects the idea that the long-term success for a firm must include a company-wide effort to satisfy ________ ________.
What will be an ideal response?