A power of attorney is an express statement in which one person (the principal) gives another person (the attorney in fact) the authority to do an act or series of acts on his behalf.
Answer the following statement true (T) or false (F)
True
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The primary remedy available for aggrieved persons under the FOIA is:
a. compensatory damages b. compensatory and punitive damages c. injunctive relief d. specific performance
In the early 1900s, banks did not offer loans to purchase automobiles. This is because
A) banks could not make a profit on car loans. B) only finance companies were permitted to offer car loans. C) banks could not repossess a car if the loan defaulted. D) banks did not view a car as a productive asset.
Net income was $468,600 in the current year and $366,500 in the prior year. The year-to-year percentage change in net income is an increase of:
A. 22%. B. 78%. C. 46%. D. 28%.
If EZTrade pursues the low-cost approach, which of the following is most likely to be true?
A) It will seek to take advantage of economies of scale. B) It will attempt to win customers by providing more extensive customer support. C) It will earn greater profits than it would have had it chosen another model. D) It will prioritize efficiencies in purchasing and not efficiencies in logistics. E) It will attempt to provide the widest possible selection of products.