In general, an undisclosed principal and the third party to a contract are contractually bound if the agent acts within the scope of his actual authority in making the contract

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Happy Pets, a company manufacturing pet foods and accessories, created a membership club for its regular customers called "I Love My Pet"

This group consists of animal lovers selected by the company to complete product-related polls, chat with product developers, and provide feedback about specific products. Which of the following best describes "I Love My Pet"? A) primary group B) immersion group C) mob D) dyad E) triad

Business

Answer the following statements true (T) or false (F)

1. A majority of the cultural differences between countries lies in the observable level. 2. In low-context cultures, written and spoken words carry the burden of shared meaning. 3. Another term for Confucian dynamism is short-term orientation. 4. All of Hofstede’s five cultural dimensions were significantly and positively related to performance. 5. The culturally endorsed implicit leadership theory is based on the GLOBE research program.

Business

Which level of government, if any, has the constitutional power to create cities?

A) the federal B) the provincial C) the municipal D) no level of government – cities are created by a vote of the people of the area E) cities are created by the federal government after a referendum

Business

Partners have the implied authority to bind the partnership by contracts of surety for any and all purposes

Indicate whether the statement is true or false

Business