If Dan subleases his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent
a. True
b. False
Indicate whether the statement is true or false
False
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An agent will be relieved from liability for representations in excess of the agent's authority if the:
A. agent hired subagents to do some of his work. B. act was undertaken with a good intent. C. principal does not ratify the act. D. third party knows that the agent is acting in excess of his authority.
In a straight rebuy, ________
A) the "in" suppliers try to maintain product and service quality to keep the business B) the "in" suppliers feel pressured to protect an account C) the "out" suppliers view the situation as an opportunity to gain new business D) a company buys a product or a service for the first time E) buyers are keen on revising product specifications
Identify and define the three major types of bankruptcy.
What will be an ideal response?
Contribution margin ratio is equal to ________
A) fixed costs divided by contribution margin per unit B) net sales revenue per unit minus variable costs per unit C) net sales revenue minus variable costs D) contribution margin divided by net sales revenue