A duty may not be delegated if there is an express provision in a contract against delegation

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Residual income is the amount of profit left after subtracting expenses of a particular investment center

Indicate whether the statement is true or false

Business

One advantage of a(n) ______ is that it broadens individual outlook.

A. group incentive B. executive incentive C. individual incentive D. professional incentive

Business

If a firm produces the right goods or services, marketing has little role to play in creating customer satisfaction.

Answer the following statement true (T) or false (F)

Business

Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 5%, the present value of the lease payments is closest to (Ignore income taxes.):Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

A. $12,528 B. $14,103 C. $11,050 D. $14,808

Business