An agent has the implied authority to do what is reasonably necessary to accomplish the objectives of the agency
Indicate whether the statement is true or false
T
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Several factors can create intense rivalry among firms. These factors include all of the following factors except:
A) firms focus on market share at the expense of others. B) firms feel pressure due to fixed costs and produce at full capacity. C) lack of differentiation in products and services. D) upward pressure on prices and profitability. E) absence of switching costs for customers.
A liquidated damage provision will be enforced when:
A. a technical breach of contract has occurred without causing any actual loss. B. the nature of the contract is such that damages are easy to determine. C. the amount agreed on is not the injured party's exclusive remedy. D. the amount specified is reasonable and actual damages are difficult to determine.
Chris is CEO of Higdon’s Bait and Tackle shop in New Roads, Louisiana. CB is the Vice President of Live Bait at Higdon’s Bait and Tackle. They are at odds over the best live bait to stock in the store. Chris is adamant that they should carry live worms. CB thinks live worms are outdated as fishing bait and he wants to carry live crickets. They have a meeting set one week from today to try to reach a compromise. Before this negotiation meeting, Chris feels they should both outline the goals and objectives they each would like to achieve. CB, on the other hand, feels this is a waste of time and wants them to both provide documented support for their respective positions. According to the Negotiation Process outlined in the textbook, whose actions best represent the first step in this
process? a. Chris b. CB c. Both Chris and John’s actions are the first step in the negotiation process d. Neither Chris nor John’s actions represent the first step in the negotiation process
Hong Yip is frequently recognized for its commitment to the environment and ______, having received awards for activities.
a. education b. social service c. health care d. micro business development