The bankruptcy of which party(ies) will cause an agency to terminate?

A) The principal only B) The agent only
C) Either the principal or the agent D) Neither the principal nor the agent


A

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Currently attainable standards offer the most behavioral benefits because higher performance levels are attained through challenging, yet achievable, standards

Indicate whether the statement is true or false

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Which one of the following conditions violates the assumptions of PERT/CPM networks?

A) Some activities can have zero variance. B) Costs increase linearly as activity time is reduced below its normal time. C) Two activities tied together by an arc are overlapping and can be worked on simultaneously. D) There can be more than one critical path in a network.

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Which agreement is unenforceable because of lack of valid consideration?

a. Johnson agreed to donate $1,000 to the United Hospital Building Fund. Based upon this and similar promises, construction was started. b. Davis promised to give his neighbor's young son $50 if the boy would refrain from trespassing on his property. Because of Davis's promise, the boy complied. c. Boyd agreed to sell his used motorboat to Yates for $300 . Yates tendered the $300. d. Philips promised his nephew $5,000 if the boy would refrain from smoking until he reached twenty-one years of age. Because of this promise, the nephew complied.

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Effective promotions are designed to either inform, persuade, or remind the target audience.

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

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