Any property, money, or other benefit received by the agent in the course of an agency belongs to the principal
Indicate whether the statement is true or false
TRUE
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Statistical inference is the process of generalizing the sample results to the population results
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The payback and accounting rate of return methods are often used to perform an initial screening of investments. 2. The payback method provides management with valuable information about the time period in which the cash invested will be recouped. 3. The net present value and internal rate of return methods are appropriate for longer-term investments because they ignore the time value of money. 4. Cash inflows include future cash revenue generated from an investment and any future residual value of the asset but exclude any future savings in ongoing cash operating costs resulting from the investment. 5. Most capital budgeting methods focus on accrual-based income.
A bailee never has a right to use the bailed property.
Answer the following statement true (T) or false (F)
Frank performs a contract with Gene to add a garage to Gene's property, but Gene does not pay. Frank can file a lien on Gene's property if, from the last date labor or materials were provided, he acts A) immediately
B) within 60 to 120 days. C) within two years. D) within a reasonable time.