Agency by ________ occurs when a person misrepresents himself or herself as an agent and the principal accepts the unauthorized act
A) ratification
B) rescission
C) revocation
D) rejection
A
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A bond with a carrying value of $790,000 was converted into 100,000 shares of $5 per share par value common stock at a time when the market value per share was $9.00 per share. Which of the following statements does not accurately describe the financial accounting for the conversion?
A. Total owners' equity increases $790,000 if the book value method of recording the conversion is used. B. A loss of $110,000 will be recognized if the market value method of recording the conversion is used. C. Total owners' equity increases $900,000 if the market value method of recording the conversion is used. D. Total owners' equity increases $790,000 if the market value method of recording the conversion is used.
Which of the following is a reason that some women face a glass ceiling?
A. Poor goal-setting B. Inability to motivate others C. Poor financial performance D. Lack of mentors E. Inability to produce high-quality work
Recency refers to the:
A. percentage of customers who do not return during the next year after an initial purchase. B. time elapsed since the last visit made by a customer. C. percentage of existing customers who continue to buy on a regular basis. D. percentage of customers who return to the site within a year to make additional purchases.
Joe, the owner of ABC Electronics, just discovered that his trusted friend Paul, his accountant for over 30 years, has been mishandling the company books and stealing from the company bank account. Joe must decide whether to ignore his friend's actions and avoid bad publicity for ABC Electronics, or to have Paul arrested for embezzlement. Joe is facing
A. a whistle-blower. B. a synergy factor. C. an issue of corporate governance. D. a social audit. E. an ethical dilemma.