An agency relationship can arise by ratification, which involves a determination of intent expressed by words or conduct.
Answer the following statement true (T) or false (F)
True
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A ________ is an explicit or implicit promise in a contract with a customer to transfer goods or services
A) constructive obligation B) performance obligation C) liability obligation D) constructive liability
In trend analysis, each item is expressed as a percentage of the
A) net income amount. B) total assets amount. C) base year amount. D) retained earnings amount.
Viral marketing is a trend that encourages customers to share a marketing message with other potential customers.
Answer the following statement true (T) or false (F)
One of the major disadvantages of outdoor advertising is wasted coverage, meaning that the viewers of the advertisement may not be part of the ________ ________.
Fill in the blank(s) with the appropriate word(s).