Which of the following happens after an economy reaches a peak?
A. Output begins to decline.
B. The growth rate of population begins to rise.
C. Income begins to rise.
D. Unemployment begins to fall.
Answer: A
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Greg, who wants to sell a car he owns, authorizes his concierge, Walter, to find a potential buyer, and finalize a deal above a stipulated price
Walter contracts Jacob, an independent car sales broker, and instructs him to only find a potential buyer and send them over to Walter for the sale. Greg then contracts CarWreckers, an automobile modification company to renovate his car. CarWreckers completes its work and Greg pays them. Jacob then searches for a suitable buyer and finds one in Carl. Carl buys the car and Jacob is paid for his services. Who is the principal during the car sale transaction? A) CarWreckers B) Carl C) Greg D) Walter
Whether an agency relationship has been created is determined by using a subjective test
a. True b. False Indicate whether the statement is true or false
Which of the following is part of a complete marketing plan?
A. competitors' marketing strategies B. how different marketing mixes (for different target markets) relate to each other C. what company resources (costs) are required and at what rate D. All of these are parts of a complete marketing plan.
Damon contracts to repair the turf on a soccer field for Carousel Sports Park. Damon knows that without the repair, Carousel will have to cancel an upcoming game. Damon does not perform as promised. As consequential damages, Carousel can recover
A. the cost of new turf. B. the difference between Damon's price and the actual cost of repair. C. the loss of profit from the canceled game. D. nothing.