An ________ refers to an agency that arises when a franchisor creates the image that a franchisee is its agent when in fact an actual agency does not exist
A) apparent agency
B) implicit agency
C) agency by ratification
D) implied agency
A
You might also like to view...
The ____________________ method views a corporate acquisition as conceptually identical to the purchase of any single asset
Fill in the blank(s) with correct word
If your topic is controversial or the members of your audience have strong opinions about your topic already, it is best to ______.
a. ask them for their judgments while you are speaking b. ask them for their judgments before you begin speaking c. ask them to suspend their own judgments until after you present your arguments d. ask them to make their judgments before you present your argument
For a manufacturing company, which of the following budgets does not have to be prepared before a budgeted income statement is prepared?
A) Budgeted cost of goods manufactured B) Budgeted cost of goods sold C) Budgeted balance sheet D) Sales budget
Fact Pattern 21-1BFirst State Bank issues a letter of credit in favor of Oboe Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.Refer to Fact Pattern 21-1B. Lapland is entitled to payment when it
A. enters into the contract with Oboe. B. verifies that Oboe has the money to pay for the purchase. C. complies with the terms and conditions of the letter of credit. D. asks to be paid.