Barbara Brown has hired Gerry Grey as her agent to purchase used machines for a manufacturing plant with instructions not to pay over $10,000 per machine
Gerry makes it clear that he is acting as agent for Barbara and makes a contract to purchase a machine for $15,000 from Rick Redd. When Barbara learns of it, she wants to cancel the contract. Which of the following statements is TRUE?
A) The contract with Rick is binding on Barbara because any limitations on an agent's authority not told to third parties are not effective.
B) The contract with Rick is not binding on Barbara because she did not sign it personally.
C) The contract with Rick is not binding on Barbara but it is binding on Gerry because he went beyond his authority.
D) The contract with Rick is not binding on Barbara because she did not ratify it.
E) The contract with Rick is binding on Barbara but she only has to pay $10,000 for the machine
A
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Information about a company's operating capability may be helpful to external users in
A) assessing the uncertainty of its future cash flows. B) evaluating the timing of cash flows in the near future. C) evaluating the efficiency with which the company uses its resources to generate revenue. D) assessing a return of investment as well as a return on investment.
Manufacturing overhead includes:
a. costs that the firm cannot associate with particular products. b. expenditures for factory utilities, property taxes, insurance, and depreciation on manufacturing plant and equipment. c. expenditures for supervisors' salaries. d. costs that jointly benefit all goods produced during the period, not any one particular item. e. all of the above.
Workplace ________, which includes differences in ethnicity, age, and gender, is important because it is likely to result in the products that consumers demand.?
Fill in the blank(s) with correct word
Answer the following statements true (T) or false (F)
1. Most certification elections have more than just one union on the ballot, so the choice is whether to unionize and, if so, which specific union will represent the bargaining unit. 2. To petition the NLRB for an election, a union must gather authorization cards from more than 50% of the employees. 3. When an employer decides to challenge a union that requests recognition, the outcome is usually settled through strikes. 4. Generaly the NLRB will not allow more than one certification election in a 12 month period. 5. A group of manufacturing employees unionized in January. By June, they were convinced that they had made a mistake and circulated a petition to decertify the election. Thirty-five percent of the employees signed the petition. It is likely that the NLRB will allow the employees to hold a decertification election before the end of the year.