Which of the following is an incorrect statement regarding termination by agreement?
A) The principal may decide to terminate the principal-agent relationship.
B) The agent may decide to terminate the principal-agent relationship.
C) When the principal-agent relationship is terminated by agreement, all third parties who dealt with the agent should be given actual notice by the principal.
D) When the principal-agent relationship is terminated by agreement, actual notice may be given to others through advertisements in newspapers published in areas where the agent operated on behalf of the principal.
D
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Customers for a company are ______.
a. the people and groups that consume a firm’s products or services b. the people and groups that supply a firm’s products or services c. the people and groups that finance a firm’s products or services d. the people and groups that produce a firm’s products or services
An activity with a slack time of zero is a?
a. Flexible activity b. Noncritical path activity c. Minor activity d. Critical path activity
An example of a business market would be farmers.
Answer the following statement true (T) or false (F)
Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$111 Units in beginning inventory 0Units produced 7,500Units sold 7,200Units in ending inventory 300 Variable costs per unit: Direct materials$24Direct labor$34Variable manufacturing overhead$1Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$217,500Fixed selling and administrative expense$115,200 What is the net operating income for the month under variable costing?
A. $(12,000) B. $14,400 C. $5,700 D. $8,700