In a partnership, mutual agency means that ________.
A) the addition of a new partner does not dissolve the old partnership; there is a mutual exchange of
ownership with the existing partners
B) every partner must contribute the same amount of capital
C) the agency problem between the principal and agents are mutual and are neutralized
D) any partner can bind the business to a contract within the scope of its regular business operations
D) any partner can bind the business to a contract within the scope of its regular business operations
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Who developed the Managerial Grid, which was later transformed into the Leadership Grid?
a. John Redwood and Margaret Walker b. Anderson DeWalt and Jeff McComb c. Robert Blake and Jane Mouton d. Madelyn Marse and Cory Heuser
The preferred animation effect for bullets is:
a. Fly from left b. Fly from right c. Wipe from left d. no transition effect
The British constitution has two central principles which are:
a. the rule of law and the supremacy of Parliament b. the rule of law and the supremacy of Congress c. the rule of law and the supremacy of the Court d. the supremacy of Parliament and the supremacy of the Court e. none of the other choices
During the year just ended, the retailer James Corporation purchased $425,000 of inventory. The inventory balance at the beginning of the year was $175,000. If the cost of goods sold for the year was $450,000, then the inventory turnover for the year was:
A. 2.57 B. 2.62 C. 3.00 D. 2.77