Direct liability occurs when the:

A. agent's criminal behavior occurs outside the scope of employment.
B. principal has liability insurance and the agent commits a tort.
C. agent is not acting at the direction of the principal.
D. principal is negligent in the hiring and/or the supervision of the agent.


Answer: D

Business

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A network co-evolution approach argues that:

a. Networks shape institutions but institutions sculpt networks and direct their growth b. Networks develop through distinct stages from embryo to organism c. Networks evolve from a chrysalis d. All of the above

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Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly COGS on hand at all times. Using a 365-day year, what is its inventory conversion period?

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A firm has a cash conversion cycle of 120 days, an average collection period of 25 days, and an average payment period of 50 days. The firm's average age of inventory is ________ days

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