An express trust may be found if the intent of the grantor to create a trust is unmistakable
a. True
b. False
Indicate whether the statement is true or false
True
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The collection process, although sometimes difficult, is a fairly inexpensive component of doing business.
Answer the following statement true (T) or false (F)
Firms develop a reputation for reliability by establishing effective inventory management policies, performing accurate sales forecasts, and maintaining effective transportation and distribution operations.
Answer the following statement true (T) or false (F)
Which of the following statements is true about capital budgeting analysis?
A. A project should be purchased if its net present value (NPV) is positive. B. A project with only cash outflows and no cash inflows would have two internal rates of return (IRRs). C. The traditional payback period method should be used for capital budgeting decisions when there is a conflict in the project rankings using the NPV method and the internal rate of return (IRR) method. D. The net present value (NPV) method should be used to evaluate independent projects, but the internal rate of return (IRR) method should be used to evaluate mutually exclusive projects. E. The payback period method should be used to evaluate capital budgeting projects that have multiple cash outflows.
Which of the following can determine the scope of authority given to an agent:
a. statements of the agent b. the principal's personal relationship with a third party c. statements of the principal d. all of the other specific choices are correct e. none of the other specific choices are correct