When an agent's duties conflict with the principal's own interests, ________.
A. the agent must resign immediately
B. the agent must disclose these facts to the principal
C. the agent has breached the duty of loyalty
D. if the agency is gratuitous, there is no duty of disclosure
Answer: B
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Exhibit 21-1 The Raymond Corporation reported $11,000 of net income for the current year and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year: Subsidiary gain included in investment income under the equity method $ 370 Decrease in inventory 80 Loss on disposal of equipment 900 Proceeds from
disposal of equipment 1,400 Depreciation expense 1,200 Acquisition of treasury stock 650 Increase in accounts payable 290 Acquisition of new securities (accounted for using the equity method) 500 Decrease in deferred income tax liability 210 Early retirement of bonds payable at book value 1,000 Increase in interest receivable 30 ? Refer to Exhibit 21-1. What is Raymond's net cash provided by operating activities? A) $11,540 B) $12,210 C) $12,860 D) $14,800
The supply chain only includes components dealing with the flow of materials internal to the firm
Indicate whether the statement is true or false
When confronted with problems in recruiting newly minted talent from top business schools, what steps did Goldman Sachs take to change its culture and work climate? What lessons can be learned from Goldman's efforts about the culture change effort to promote good strategy execution?
What will be an ideal response?
Waterways are an attractive distribution system when speed is more important than shipping cost
Indicate whether the statement is true or false