A(n) ________ is a contract a principal and agent enter into that says the principal cannot employ another agent other than the one stated
A) exclusive principal contract
B) exclusive agency contract
C) ratified contract
D) apparent agency contract
B
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Discuss and exemplify how the Reflective Thinking Framework helps groups avoid groupthink.
What will be an ideal response?
Hancock Medical Supply Co., earned $88,000 of revenue on account during Year 1, its first year of operation. During Year 1, Hancock collected $69,600 of cash from its receivables accounts. The company did not write-off any uncollectible accounts. It estimates that it will be unable to collect 1% of revenue on account. What is the net realizable value of receivables that will be reported on the balance sheet at December 31, Year 1?
A. $18,400 B. $18,216 C. $17,704 D. $17,520
In data gathering, despite various warnings, unfortunately, ______ often trumps accurate data and careful diagnosis.
a. speed b. consistency c. bias d. diligence
Max wants to invest in the stock market. Although he has expert knowledge in trading in the stock market, he does not have the time needed to engage in these transactions and hence needs someone to buy and sell stocks on his behalf. In this case, Max should hire a(n) _____ to fulfill his requirement.
A. angel investor B. discount broker C. securities dealer D. investment banker