Able, on behalf of Pix Corp, entered into a contract with Sky Corp, by which Sky agreed to sell computer equipment to Pix. Able disclosed to Sky that she was acting on behalf of Pix. However, Able had exceeded her actual authority by entering into the contract with Sky. If Pix wishes to ratify the contract with Sky, which of the following statements is correct?
a. Pix must notify Sky that Pix intends to ratify the contract.
b. Able must have acted reasonably and in Pix's best interest.
c. Able must be a general agent of Pix.
d. Pix must have knowledge of all material facts relating to the contract at the time it is ratified.
.D
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________ is an alternative dispute resolution technique in which disagreeing parties agree ahead of time to accept the decision of a neutral party in a formal courtlike setting, often complete with evidence and witnesses.
A. Facilitation B. Mediation C. Peer review D. Arbitration E. Ombudsmanship
Ramona wants a colleague in another building to read the final revision of the report they wrote collaboratively. She then wants it distributed throughout the plant to seven managers for their comments prior to its presentation in two days. What is the most efficient media to accomplish these two tasks?
a. Fax machine b. Memorandums c. email d. Teleconferencing
Regarding supermarkets, which of the following statements is true?
A. Supermarket net profits after taxes usually are about 1 to 2 percent of sales or less. B. It's best to think of supermarkets as "conventional retailers." C. The early supermarkets were based on the premise that consumers would pay more for better selection and service. D. Worldwide, supermarkets make up the majority of food stores. E. All these answers are correct.
All of the following are true of a financial statement analysis report, except:
A. Forces preparers to organize their reasoning and to verify the logic of analysis. B. Enables readers to see the process and rationale of analysis. C. Helps users and preparers to refine conclusions based on evidence from key building blocks. D. Contains ambiguities and qualifications. E. Serves as a method of communication to users.