The power of an agent to do whatever is reasonable and customary to carry out the agency purpose is given by:
a. express authority b. verbal authority
c. quasi authority d. false authority
e. none of the other choices are correct
e
You might also like to view...
Particular words a speaker uses that trigger an immediate emotional response and interfere with an audience member’s ability to listen are referred to as
a. trigger words. b. key words. c. red-flag words. d. alarm words.
Middleton Corporation reported utilities expense of $18,200 on its income statement for Year 1. For the year, the beginning balance in Utilities Payable was $2,500 and the ending balance was $1,500. The amount of cash that Mayes paid for utilities in Year 1 was $19,200.
Answer the following statement true (T) or false (F)
Which of the following statements is CORRECT?
A. One of the ways in which firms can mitigate or reduce potential conflicts between bondholders and stockholders is by increasing the amount of debt in the firm's capital structure. B. The threat of takeover generally increases potential conflicts between stockholders and managers. C. Managerial compensation plans cannot be used to reduce potential conflicts between stockholders and managers. D. The threat of takeovers tends to reduce potential conflicts between stockholders and managers. E. The creation of the Securities and Exchange Commission (SEC) has eliminated conflicts between managers and stockholders.
The most common way to discharge a contract is by performance.
Answer the following statement true (T) or false (F)