Which of the following agency relationships is formed when a principal leads a third party to believe that a certain person is acting as an agent for the principal?
A) expressed agency
B) agency by implied authority
C) agency through ratification
D) agency by estoppel
D
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Jeff had collected a nice wardrobe before graduating from college. All of his friends considered him "well dressed"
After the first day at his new job, however, Jeff immediately went out and replaced most of his clothes with what was considered to be professional dress clothing. Jeff had just experienced the power of a new ________. A) reference group B) information cascade C) avoidance group D) brand community
Jon the Bartender couldn’t get through to management about some of the service issues he was facing, so one morning before the restaurant opened he brought in a bunch of his acting friends to show management some of the problems he has noticed in the service delivery system. This exhibition is a type of ______.
a. leadership opportunity b. positive reinforcement c. simulation d. training
Which of the following statements about meeting agendas is most accurate?
A) An agenda of meeting topics should be distributed at least ten days before the meeting. B) An agenda should include as many items as necessary to accomplish your purpose. C) An agenda should not include an allotment of time for each agenda item because doing so can make a meeting too regimented. D) An agenda should include any premeeting preparation expected of participants.
Chairman Cat Products produces cat trees that are sold by several large pet stores. They sold 190, 210, and 208 cat trees in January, February, and March, respectively. Assuming that the first forecast value (for January) is set to 190, what is the exponential smoothing forecast for March? Assume a smoothing constant value of 0.4.
a. 190 b. 198 c. 202 d. Cannot be determined from the information given