Which of the following statements is (are) correct regarding the relationship between an agent and a nondisclosed principal? I. The principal is required to indemnify the agent for any contract entered into by the agent within the scope of the agency agreement. II. The agent has the same actual authority as if the principal had been disclosed
a. I only
b. II only
c. Both I and II
d. Neither I nor II
.D
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The percentage of SKUs received complete on a particular order from a vendor is called the
A. fill rate. B. delivery rate. C. service level. D. product availability. E. order rate.
In general, a cost incurred in conjunction with a long-term asset is included in the long-term asset account when the cost
a. is incurred subsequent to asset use. b. exceeds a certain dollar amount. c. is incurred prior to asset use. d. will expire in less than one year.
Scenario 15.1 Use the following to answer the questions. When introducing a new vehicle targeted to the under-30 population, Toyota used several different methods of communication. First, it did research in several large cities to find out who the opinion leaders were in that age group. By visiting the local nightlife, one or two people in each city were selected and given a new vehicle to drive for two weeks. They were told to share information about this new vehicle with their friends and through social media. After a few weeks, a television campaign was launched with commercials introducing the new vehicle. Toyota also placed ads in magazines that were targeted to the under-30 age group, and used drive-by billboards in the large cities near the nightclub areas. Refer to Scenario
15.1. Suppose Toyota also offered the dealership salespeople a trip to Hawaii for anyone who could sell ten of the new vehicles within the first month they were available? This tactic would be an example of ____ marketing, while the TV commercials described above would be an example of ____ marketing. A. pull; push B. personal selling; push C. pull; sales promotion D. push; pull E. personal selling; sales promotion
Which of the following would have no effect, either direct or indirect, on an organization's cash budget?
A. Outlays for professional labor. B. Raw material purchases. C. Advertising expenditures. D. Sales revenues. E. None of the other answers are correct, since all of these items would have some influence.