Jill introduces Kelly to her friends as "my associate." Kelly purports to act as Jill's agent in several business transactions with those friends. If Jill is liable for Kelly's actions, it will be under

A. the doctrine of estoppel.
B. the equal dignity rule.
C. the fiduciary principle.
D. the good faith statute.


Answer: A

Business

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The public interest is the result of a dialogue about shared values rather than the ________ of individual self-interests.

A) Assertion B) Expansion C) Reduction D) Aggregation

Business

Answer the following statement(s) true (T) or false (F)

1. Hedonic goods are those goods that meet customer needs. 2. The emphasis on marketing has always been on satisfying customer needs. 3. The policy of customer satisfaction is also known as the marketing concept. 4. A market is defined as the group of people who have the ability to purchase a product. 5. A firm that manufactures furniture would be an industrial market for firms that supply the raw materials.

Business

Gorhan Construction, Brighton Bros., and Tirenn Construction agreed that on three upcoming projects, Gorhan would bid lowest on one, Brighton would submit the lowest bid on the second project, and Tirenn would submit the lowest bid on the third project. In this way, they would each be assured of work for the upcoming season. This behavior

A. is legal and acceptable practice in the construction industry to spread work more evenly. B. is a per se violation of the Sherman Act. C. is a rule of reason violation of the Sherman Act. D. violates ethical, but not legal, standards.

Business

Briefly describe the function of an application program in a database system

What will be an ideal response?

Business