If a payment amount is not specified in the agency agreement, a principal's duty to compensate means that the principal must pay the agent:

a. however much the agent's attorney demands
b. at least half the customary rate
c. for the rational value of the services provided
d. however much the agent demands
e. none of the other choices are correct


e

Business

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The former chairman of Nestlé recently told an interviewer: "We are food and beverages. We are not running bicycle shops. Even in food, we are not in all fields. There are certain areas we do not touch

Also, we have no soft drinks because I have said we either buy Coca-Cola or we leave it alone." What strategic marketing principle does the chairman's comment emphasize most specifically? A) customer value B) competitive advantage C) focus D) myopia E) policy of dealing only with Swiss businesses

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Answer the following statements true (T) or false (F)

1. According to Peter Drucker, "knowledge workers" have very little technical skill.  2. The traditional organizational model is most often represented by a funnel shape.  3. There are managers at three levels of an organization: top, middle, and first-line.  4. First-line managers make long-term decisions about the overall direction of the organization and establish the objectives, policies, and strategies for it. 

Business

The formula for comparing differences between the percentages of two groups uses the percentages from each group in the numerator

Indicate whether the statement is true or false

Business

As a result of the ________, Rick decided the candy priced at $2.50 per pound could not be nearly as good as the candy priced at $9.50 per pound

A) assimilation effect B) contrast effect C) fair price effect D) reference effect E) clouding effect

Business