In a joint venture, the authority of one member to bind the partnership is more limited than in a general partnership

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations

This is an example of a firm that successfully performed a(n) ________ to reach more consumers and ventures that are more profitable. A) upstream integration B) two-way stretch C) up-market stretch D) down-market stretch E) downstream integration

Business

Cybele is a part of the sales force at Lenses for Less, a company that sells contact lenses, prescription glasses, and nonprescription glasses to consumers through direct marketing and to retail outlets through personal selling

Cybele provides sales support for several sales representatives, creating customized sales presentations and maintaining detailed customer information in the office as the sales representatives travel to meet with customers. Cybele is part of the company's ________ sales force. A) product line B) territorial C) direct marketing D) inside E) outside

Business

Regular meetings and ad hoc get-togethers prevent a virtual team member from:

A) Accomplishing too much. B) Disappearing. C) Forgetting deadlines. D) Missing meetings.

Business

Promises made to charitable organizations that depend upon volunteer contributions are generally enforceable without consideration

Indicate whether the statement is true or false

Business