Diane appoints Edward as her agent to sell goods in markets where the highest price can be obtained. Edward sells the goods in a market that is glutted and obtains a low price, even though he could have obtained a higher price in a nearby market by using more care in obtaining the available market information. Edward is liable to Diane for breach of the duty of diligence
Indicate whether the statement is true or false
True
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For a multi-chain's new store location, the most inappropriate communication program budget method would be
A. marginal analysis. B. percentage-of-sales. C. competitive parity. D. objective-and-task. E. affordable budgeting.
Leo's company produces a high volume of bicycle helmets, yet they come in a high variety of distinctive styles. The company is engaging in
A. mass production. B. individual customization. C. flexible production. D. mass customization. E. individual production.
Answer the following statements true (T) or false (F)
1. The only way to continually increase customer satisfaction is to use feedback from the customer to continually improve the products and services. 2. Rework controls are actions taken to minimize negative impacts on customers/stakeholders due to faulty outputs. 3. Standing plans of policies, procedures, and rules help control or limit behavior. 4. Employees are less likely to resist the change of new controls in the workplace if they perceive the controls as fair.
A misrepresentation leads another to believer in a condition that is different from the condition that actually exists
Indicate whether the statement is true or false