Which of the following is a major advantage of using agents and brokers?
A) Wider distribution of products is possible.
B) It is easy to have control over agents and brokers.
C) Brokers can be more trustworthy than franchises.
D) Agents and brokers are not well informed about the local markets.
A
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A corporation's life is specified in its charter
a. True b. False Indicate whether the statement is true or false
Fred argues, "The standards that I like most are the ones that eliminate all management discretion in reporting—that way I get uniform numbers across all companies and don't have to worry about doing accounting analysis.". Do you agree? Why or why not?
Priddy Corporation processes sugar cane in batches. The company purchases a batch of sugar cane for $62 from farmers and then crushes the cane in the company's plant at the cost of $18. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $28 or processed further for $13 to make the end product industrial fiber that is sold for $36. The cane juice can be sold as is for $43 or processed further for $23 to make the end product molasses that is sold for $85. Which of the intermediate products should be processed further?
A. Cane fiber should be processed into industrial fiber; Cane juice should be processed into molasses B. Cane fiber should NOT be processed into industrial fiber; Cane juice should NOT be processed into molasses C. Cane fiber should be processed into industrial fiber; Cane juice should NOT be processed into molasses D. Cane fiber should NOT be processed into industrial fiber; Cane juice should be processed into molasses
The primary tool for local, state, and federal governments use to perform regulatory functions is the:
a. administrative agency b. regulatory agency c. real agency d. courts e. police force