Which of the following is required to create an agency relationship?
What will be an ideal response?
A fiduciary relationship between the agent and principal
You might also like to view...
When Abe goes shopping, he comes across a T-shirt that is priced at $35. Although he wants to buy it, judging from the material used, he feels that the T-shirt should only cost $20. What reference price is Abe using here?
What will be an ideal response?
The following data were reported by a corporation: Authorized shares32,000?Issued shares27,000?Treasury shares9500? The number of outstanding shares is:
A. 27,000. B. 17,500. C. 22,500. D. 41,500. E. 32,000.
Barbara, an antique dealer, intentionally misrepresents the value of an antique chest of drawers, as $6,000 when she has reason to know the value is considerably less. Margaret agrees to buy it for $5,500 . It is worth $2,500 . In a state that uses the "out-of-pocket" rule, Margaret's damage award would be:
a. $3,500. b. $3,000. c. $500. d. $2,500.
In the sales and operations planning process, the ______ adopt a reactive approach to match supply with demand.
a. options to influence demand b. options to influence revenue c. options to influence supply d. options to influence costs