Which of the following is true with regard to contractual relations between the principal and a third party?
a. There is no liability on the part of the principal if the agent acts with implied authority.
b. An undisclosed principal and the third party are contractually bound if the agent acts within her actual authority, unless the contract specifies otherwise.
c. A principal cannot be bound if the agent acts without any authority.
d. An unidentified principal is bound only if the agent acts within the scope of actual authority.
b
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Denver Systems has total assets of $1,000,000; common equity of $400,000; a gross profit of
$800,000; total operating expenses of $620,000; interest expense of $20,000; income taxes of $74,000; and preferred dividends of $30,000. What is Denver Systems' return on equity? A) 14.0% B) 20.0% C) 21.5% D) 7.5%
Kim, a Japanese expatriate working in Denmark, tends to use communication primarily to build personal social relationships. She feels that relationships and trust are more important than business. Kim is surprised that her business associates in Denmark do not share the same views. Based on this information, Kim most likely grew up in which of the following types of culture?
A. Human-oriented B. Passive C. Assertive D. Low-context E. High-context
A mattress is currently on sale for $504.96. If the markdown percent is 36%, what was the original price?
A) $323.17 B) $789.00 C) $181.86 D) $798.00
A term used to describe the case when the independent variables in a multiple regression model are correlated is
A. regression. B. correlation. C. multicollinearity. D. leverage.