An agency agreement must always be in writing
a. True
b. False
Indicate whether the statement is true or false
False
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With regard to rejection of an offer, which of the following statements is correct?
A. An offer is not terminated when it is rejected by the offeree. B. A counteroffer constitutes an express rejection of an offer. C. The offeree's statement that he will not accept the offer is an implied rejection of the offer. D. A rejection must be actually received by the offeree to be effective.
The cost of assets acquired for a lump sum should be allocated equally among the acquired assets
Indicate whether the statement is true or false
An increase in the use of technology has caused
a. a decline in the amount of fixed costs in an organization. b. fewer costs to be susceptible to short-run control. c. companies to be more flexible in responding to short-term conditions. d. managers to be less concerned about capacity utilization because of the increased ability to produce in large quantities.
________ is the personal, financial, and social significance of the decision being made.
Fill in the blank(s) with the appropriate word(s).