A Fiduciary duty is owed by an agent to a principal and a franchisor to a franchisee
Indicate whether the statement is true or false
FALSE
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George Butler, the sole stockholder, opened a business that provides day tugboat tours to tourists along the Mississippi River. Prepare journal entries to record the following transactions. May 1Butler invested $20,000 cash and a tugboat valued at $90,000 in exchange for common stock. May 2Butler paid $3,000 cash for office equipment.May 3Butler bought boating supplies costing $2,500 on credit.May 4Butler paid $500 cash for the first month's dock rental.May 5Butler paid $1,800 cash for a six-month insurance policy. May 10 Butler gave a client a tour and immediately received $2,000 cash.May 12 Butler provided a $3,500 tour on credit, the customer agreed to pay within 10 daysMay 19 Butler paid for the boating supplies originally purchased on May 3. May 22 Butler receives payment
on the account from the client entry on May 12.May 25Butler received $2,750 cash for tours that he completed that day. May 31Butler paid his crew member a salary of $1,000.May 31The company paid $2,000 in cash dividends. What will be an ideal response?
Drop shippers
A. own the merchandise they sell but do not physically handle, stock, or deliver it. B. have a small warehouse from which they stock their trucks for distribution to retailers. C. take title to merchandise but sell only to buyers who call on them, pay cash for merchandise, and furnish their own transportation for merchandise. D. perform all channel functions, and sell on consignment to retailers. E. work for several producers and carry noncompetitive, complementary merchandise in an exclusive territory.
There are five basic categories of human movement. Facial expressions belong in this category:
a. Emblems b. Regulators c. Affect displays d. Adaptors e. Illustrators
__________include the ability to evaluate a situation, identify alternatives, select a reasonable alternative, and make a decision to implement a solution to a problem.
A. Conceptual and design skills B. Human relations skills C. Business skills D. Human resource skills E. Revenue skills