Kelvin is an agent for Lookout Mountain Accountants, Inc On Lookout's behalf and at its request, Kelvin pays Nerdlinger for custom software designed for the management of Lookout's serv-ices. Kelvin's right to obtain the amount of those payments from Lookout arises under the principal's duty of
A) compensation
B) cooperation.
C) indemnification.
D) reimbursement.
D
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Dave is a salesperson who takes a long time to make decisions. He loves sales because he responds well to the pressure he faces in the many new or uncertain situations he encounters as a salesperson. Like most successful salespeople, he is high in his tolerance for ambiguity. Dave likely has a(n) _____ decision-making style.
A. directive B. conceptual C. ambiguous D. behavioral E. analytical
Heuristics can come into play when consumers forecast the likelihood of future outcomes or events. When would a consumer use an anchoring and adjustment heuristic?
What will be an ideal response?
Companies that use accrual accounting recognize revenues and expenses at the time that cash is received or paid, respectively.
Answer the following statement true (T) or false (F)
Farnsworth mailed Jessie a letter stating that he is willing to sell her an antique desk for $2,500 but does not stipulate the mode of acceptance. Jessie wishes to accept this offer. Which of the following modes will result in a valid acceptance?
a. A telegram b. Fax machine c. Letter d. All of these