Use the information provided in Table 8.3. What percent in the variation of the variable Books Sold is explained by the value of the variable Sales Calls Made?
A) 86.5%
B) 83.3%
C) 74.8%
D) 72.5%
C
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Which of the following is the best argument against the use of negative accounts receivable confirmations?
A. Recipients are likely to feel that, in reality, the confirmation is a subtle request for payment. B. There is no way of knowing if the intended recipients received them. C. The inference drawn from receiving no reply may not be correct. D. The cost-per-response is excessively high.
What is the role of the WTO dispute settlement body?
A) to hear appeals on decisions made on a dispute B) to create panel reports on the findings of the dispute C) to hear the dispute from the plaintiff D) to review panel reports and adopt them if necessary
Which of the following statements is true of the duty of compensation?
A) It does not permit an agent to be paid on a contingency fee basis. B) If the parties in an agency cannot agree on the amount, courts will usually award the compensation claimed by one of the parties. C) It requires a principal to compensate an agent for any losses incurred when the agent is acting on behalf of the principal. D) It requires a principal to compensate an agent for services rendered even in the absence of a written agreement.
Bernie owes an undisputed amount to Wilde's Heating & Air Conditioning. Which of the following is true?
a. If Wilde's agrees to accept less than the full amount as full payment, the agreement is not binding. b. The undisputed amount is also known as an unliquidated amount. c. If the parties agree to settle for less than the full amount, their agreement is governed by the ruling in Henches v. Taylor. d. If Wilde's agrees to accept less than the full amount, the agreement is only binding if it is in writing and signed by Bernie.