If an agency relationship did not establish a rate of compensation for the duties of the agent, the principal must pay the "customary" rate for such services

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Concerning foreign exchange trading, bank purchases from and sales to their customers are classified as retail transactions when the amount involved

a. is less than 100,000 units of currency. b. is less than 500,000 units of currency. c. is less than 1 million units of currency. d. is greater than 1 million units of currency.

Business

The mean squared deviation of all the values from the mean is called the ________

A) variance B) range C) median D) mean E) geometric mean

Business

Fraudulent financial reporting can result from the misapplication of accounting principles

Indicate whether the statement is true or false

Business

An example of an individual factor that could impact political behavior in organizations is the ______.

A. culture of the organization B. mission statement of the company C. mission of the department in question D. personality of the manager

Business