For ratification to be effective, the:
A. agent must have the capacity to complete the unauthorized act and ratify it.
B. agent cannot disclose the name of the principal.
C. principal must have been in existence at the time of the agent's action.
D. necessity of the principal should not be served by subagents.
Answer: C
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Which of the following is in place when a producer, dealer, wholesaler, retailer, or customer interacts with more than one type of channel?
A) dual or multiple distribution system B) intermediation C) knowledge management D) supply chain management E) vertical marketing system
Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectively. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of cash received for September.
A. $202,500. B. $307,500. C. $102,500. D. $157,500. E. $150,000.
During the maturity and decline stages, a firm may want to stick with the maximum flexibility a pull strategy allows or follow a hybrid strategy that commits to inventory of raw and packaging materials without committing to a large amount of finished goods inventory.
Answer the following statement true (T) or false (F)
Holiday Sales Company and Global Distributors, Inc., enter into a contract for the delivery of imported specialty goods. Until the goods are delivered and paid for, these parties have
A. an executory contract. B. no contract. C. a quasi contract. D. an informal contract.