________ is a rule that says an employer is liable for the tortious conduct of its employees or agents while they are acting within the scope of the employer's authority
A) Ad infinitum
B) Respondeat superior
C) Acienter
D) Voir dire
B
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________ ventures occur when a company joins forces with foreign investors to create a local business of its own
A) Joint ownership B) Licensing C) Contract manufacturing D) Franchising E) Indirect exporting
Which statement is false about the uses of managerial accounting?
a. Managerial accounting helps a company evaluate the performance of company decisions. b. Managerial accounting cannot be used to determine how many products need to be sold in order to cover recurring costs. c. Managerial accounting is used to support long-term planning decisions. d. Managerial accounting helps users run the day-to-day operations of the business.
Banners, Inc, has the power to control the market for its product. Crest Corporation and Delphic Shield Industries, Inc, agree to limit their competitiveness to increase their profits. The Sherman Antitrust Act of 1890 prohibits restraints on trade and commerce that originate from
a. any lack of balance in the nation's economy. b. business combinations and conspiracies, and certain monopolistic practices. c. business combinations and conspiracies only. d. certain monopolistic practices only.
Noni, a seventeen-year-old, signs a contract to sell her car to Metro Used Cars. The next day, Noni tells Metro that she's decided not to sell the car. Noni is
A. liable to Metro and must sell it a car of comparable value. B. liable to Metro and must sell it her car. C. liable to Metro for the amount of its profit on the deal. D. not liable to Metro.