If an agent enters into a contract without authority to do so, the ____________________ is not liable on the contract
Fill in the blank(s) with correct word
principal
You might also like to view...
Which of the following is the LEAST relevant characteristic that a salesperson should consider when qualifying a prospect?
A) financial ability B) longevity in the market C) credit history D) volume of business E) likely level of loyalty
Swatch surveyed the market and identified an unserved segment of watch buyers. Using these results, they created a watch at a price consumers were willing to pay. The unorthodox order of this marketing mix decision is an example of ________
A) competition-based pricing B) cost-plus pricing C) target costing D) value pricing E) penetration pricing
Which of the following is/are not true regarding the fair value of long-lived assets?
a. U.S. GAAP does not permit firms to increase the balance sheet carrying values of tangible and intangible long-lived assets when the fair values of their assets increase. b. IFRS permits upward asset revaluations, the recognition of unrealized increases in the fair value of tangible and intangible long-lived assets under certain conditions. c. IFRS requires that firms credit the increase in the tangible and intangible revalued asset's balance sheet carrying value to net income. d. U.S. GAAP firms recognize the increase in the fair value of the tangible and intangible asset only as the firm realizes the value increase through either sale or continuing use. e. all of the above
A change in an accounting estimate is:
A. Not allowed under current accounting rules. B. Reflected in past financial statements. C. Reflected in current and future years' financial statements, not in prior statements. D. Considered an error in the financial statements. E. Reflected in future financial statements and also requires modification of past statements.