A major cost advantage associated with direct store delivery for a retailer is the _____
a. mechanized processing of goods
b. reduction in warehouse expenses
c. efficient marking of merchandise
d. ease of returns
b
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Mrs. O'Leary hired Jenna to sell her house in Michigan. She executed a power of attorney in favor of Jenna authorizing her to do "anything and everything associated with the sale of real estate, acting as a prudent person." On May 30, Jenna finalized a deal with Brandon for the purchase of the house. Brandon and Jenna signed the real estate contract that day. Jenna learned the next day that Mrs. O'Leary had died May 29.
A. The contract is void since the agency terminated May 29. B. The contract is valid since the agency's purpose was achieved before Jenna was notified of Mrs. O'Leary's death. C. The contract is voidable at the option of Mrs. O'Leary's estate. D. The contract is voidable at the option of Brandon.
A controlling investor is called the parent, and the investee is called the subsidiary.
Answer the following statement true (T) or false (F)
In many franchises the franchiser oversees (or even manages) the selection of location, the construction of facilities, the acquisition and installation of necessary equipment, and the initial inventory with which to open business. Which of the following terms best represents this type of franchising?
A. Consignment B. Liquidation C. Turnkey D. Cannibalization
From an investor's perspective, a firm's preferred stock is generally considered to be less risky than its common stock but more risky than its bonds. However, from a corporate issuer's standpoint, these risk relationships are reversed: bonds are the most risky for the firm, preferred is next, and common is least risky.
Answer the following statement true (T) or false (F)