Power of attorney:
a. is a document that applies only to attorneys in certain capacities b. refers to a category of agents
c. is a document that creates an agency
d. exists whenever a person has the right to execute a transaction for another
e. exists whenever an attorney has the right to execute transactions for a client
c
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Which of the following statements about internal control is TRUE?
A) Internal auditors ensure that the employees follow company policies. B) The treasurer and controller have the same responsibilities. C) External auditors are employees of the company they audit. D) The internal control procedures are known as the "tone at the top."
An agreement modifying a sales or lease contract needs no consideration to be binding
Indicate whether the statement is true or false
A perceptual map is:
A. a graphic display which indicates the various stages of the lifecycle of a product. B. a chart that maps changes in competitors, sales and profits in an industry over time. C. a graphic display which positions products according to their scores on important strategic dimensions. D. a chart that indicates the changes in the magic number of a business owner.
Which of the following special cases does NOT require reformulation of the problem in order to obtain a solution?
a. alternative optimality b. infeasibility c. unboundedness d. Each case requires a reformulation.