A real estate broker was hired as a rental agent for a house. The house burnt down due to accidental causes. In these circumstances, the ________.
A. agency is automatically transferred to other properties of the principal
B. agency automatically ends as the subject matter of the agency is destroyed
C. agent is liable to be compensated even if the aim to the agency has not been accomplished
D. agency may be terminated only by mutual consent
Answer: B
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Which of the following statements is true of assignors?
A. An assignor who accepts performance from the promisor after the assignment does not hold any benefits he or she receives as trustee for his or her assignee. B. An assignor does not impliedly warrant the solvency of a promisor. C. An assignor who wrongfully assigns the same claim more than once is not liable to an assignee as the assignee is later held to have acquired rights against the promisor. D. An assignor who is paid for making an assignment is not liable to assignees for implied guarantees.
During the growth stage of the product’s life cycle, companies will need to ______.
A. increase capacity B. keep capacity constant C. reduce capacity D. adjust product pricing
Which of the following is not a problem of APB Statement 4 mentioned in the text?
a. It is questionable whether the objectives can be implemented by means of the various principles derived from the existing body of accounting. b. It contains a loosely worded set of definitions. c. It attempts to be all things to all people. d. It does not state important evolutionary changes that had begun to occur.
Which stimulus provides retailers with the greatest degree of control?
a. problem awareness b. social cue c. physical drive d. commercial cue