Merry Music Inc and Nayda enter into a contract for Nayda to write six songs for which Merry Music agrees to pay her. Nayda transfers her right to payment under the contract to Omni Artists Agency. In the transfer of rights, Nayda is
A) a delegator
B) an assignor.
C) an obligor.
D) a third party beneficiary.
B
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Which of the following managerial functions involves a detailed financial and operational description of anticipated operations?
A. Directing operational activities. B. Measuring. C. Decision making. D. Controlling. E. Planning.
Which one of the following statements is TRUE?
A. An agency relationship is when a principal hires an agent to perform a service and gives them decision-making authority. B. An agency relationship is when a principal works for an agent. C. In an agency relationship, the agent delegates authority to the principal. D. An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors. E. An example of an agency relationship is when a supervisor hires a forklift operator.?
Leo buys products for personal and household use, not for business purposes. He is a
A. consumer buyer. B. business buyer. C. institutional buyer. D. governmental buyer.
The financial statements of a firm that uses more conservative accounting practices would be likely to report:
A. Higher profitability. B. Higher dividends. C. Higher stockholders' equity. D. Higher liabilities.