In the context of agency, ratification refers to:
A) Agreeing, after reaching majority, to be bound by a contract entered into as a minor.
B) Agreeing to be bound to a contract entered into by an agent that exceeded the agent's
authority at the time the agent entered into it.
C) Reaffirming a contract that one previously agreed to.
D) Getting the appropriate agency to agree to take steps to reduce an excessively large rodent
population.
B
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U.S. marketing campaigns that stress the desirability of "Made in America" products are most likely to appeal to ________ U.S. consumers
A) ethnocentric B) individualist C) collectivist D) normed E) naturalized
According to McClelland's research, the need for achievement is
A. important to most American managers. B. equivalent to Maslow's safety needs. C. often perceived negatively. D. the most complex theory of human motivation. E. equivalent to Maslow's social needs.
In which of the following situations is restitution available as a remedy?
A) As an alternative remedy for a party injured by breach B) For a party in default C) For a party who may not enforce the contract because of the statute of frauds D) All of these are situations where restitution is available.
If a firm's subsidiary is using the local currency as the functional currency, which of the following is NOT a circumstance that could justify the use of a balance sheet hedge?
A) The foreign subsidiary is about to be liquidated, so that the value of its Cumulative Translation Adjustment (CTA) would be realized. B) The firm has debt covenants or bank agreements that state the firm's debt/equity ratio will be maintained within specific limits. C) The foreign subsidiary is operating is a hyperinflationary environment. D) All of the above are appropriate reasons to use a balance sheet hedge.