An agent can limit the liability for the acts of a subagent to the principal by ________.

A. issuing express authority
B. issuing implied authority
C. using a ministerial clause
D. using an exculpatory clause


Answer: D

Business

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The numerical value of the standard deviation can never be

A. larger than the variance. B. zero. C. negative. D. smaller than the variance.

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Suppose a bank has $200 million as transaction deposits, and holds $25 million as reserves. If the reserve requirement is uniformly 10% on any positive amount, the bank's excess reserves equals

A. $25 million. B. $10 million. C. $5 million. D. $1 million.

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From a marketing standpoint, a new product is anything that customers perceive as new and different

Indicate whether the statement is true or false

Business

Valgeet was promoted to a management position six months ago. Since then, his employees have noticed that he has forgotten some of the basic job skills he used to perform when he was working at their level. This phenomenon, which can occur with new managers, is sometimes called ______.

a. management memory b. administrative amnesia c. going suit d. promotional decay

Business