A principal is liable only for acts the agent is authorized to perform
Indicate whether the statement is true or false
F
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Elliot was asked to privately nominate two of his subordinates for promotion to a sales position. He gave the human resource management director the names of his two top workers, Nick and Allison. This recruitment method is known as ______.
A. open recruitment B. targeted recruitment C. closed recruitment D. regular recruitment
Who is the famous contingency theorist that developed the concept of SARFIT – Structural Adjustment to Regain Fit?
a. John Child b. Howard Aldrich c. Lex Donaldson d. Jack Welch
When allocating joint costs, Feinberg calculates the final sales value of the various products manufactured and subtracts appropriate separable costs. The company is using the:
A. reciprocal-accounting method. B. physical-units method. C. net-realizable-value method. D. gross margin at split-off method. E. relative-sales-value method.
Chico Company borrowed $40,000 on a four-year, 8% installment note. How will Chico record the issuance of this note?
A.
| Cash | 40,000 | |
| Notes payable | 40,000 |
B.
| Cash | 40,000 | |
| Interest payable | 3,200 | |
| Notes payable | 36,800 |
C.
| Cash | 43,200 | |
| Notes payable | 43,200 |
D.
| Cash | 36,800 | |
| Discount on notes payable | 3,200 | |
| Notes payable | 40,000 |