If a principal accepts the benefits of a whole unauthorized contract, the principal is deemed to have ratified the contract and is bound as if the act had been originally authorized
a. True
b. False
Indicate whether the statement is true or false
True
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The corporate jet expenditure is an example of a direct fixed cost
Indicate whether the statement is true or false
How does the degree of differentiation change over the life an organization?
a. Differentiation generally remains stable throughout the life of the organization b. As the number of employees increases, there is greater differentiation c. As an organization becomes more successful and profitable, there is a greater need to differentiate tasks d. As a workforce becomes more embedded and cross-trained, the degree of differentiation diminishes
A preferred stock that pays an annual dividend of $10, has a par value of $100, and has a required
return of 5% will be valued at $200. Indicate whether the statement is true or false
If the formula for elasticity results in a measure of elasticity (E) greater than 1, demand is said to be inelastic.
Answer the following statement true (T) or false (F)