The principal continues to be bound by an agent's actions until the principal notifies third parties that the agency has terminated

Indicate whether the statement is true or false


T

Business

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When selection criteria are used in the vendor selection decision, the most common criteria includes quality delivery, performance history, warranties, facilities and capacity, geographic location, and technical capability

Indicate whether the statement is true or false

Business

In terms of marketing expenditures, service companies tend to spend more on which of the following than manufacturers?

A) media advertising B) trade promotions C) consumer promotions D) direct marketing

Business

The use of either absorption or variable costing will make little difference in companies

a. with large inventories. b. using JIT. c. with high fixed costs. d. with high variable costs.

Business

An offer lapses upon the following except:

A) Detrimental reliance. B) Counteroffer. C) Expiration of reasonable time. D) Rejection.

Business