Principals have an obligation to reimburse their agents for their normal business expenses related to the agency, unless otherwise agreed

a. True
b. False
Indicate whether the statement is true or false


True

Business

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You want to buy new kitchen appliances 2 years from now, and you plan to save $8,200 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now?

A. $15,260 B. $16,063 C. $16,908 D. $17,754 E. $18,642

Business

Crumbs is a popular bread manufacturing company. It is famous for its unsliced bread, and many customers believe that slicing the bread will make it lose its flavor. So, when Charles, the manager of the company, decides to start selling presliced bread, assuming that the customers would find it more convenient, the customers protest. This is an example of the human compromise known as

A. personal perspective. B. simplicity. C. stereotyping. D. the recency syndrome.

Business

Market failure occurs when:

A. no economic solutions are used to address environmental problems. B. no markets exist to create a price for important social goods. C. manufacturers use substitutes for certain resources. D. businesses conform to regulatory requirements.

Business

A marketer has no control over when a consumer redeems a coupon

Indicate whether the statement is true or false

Business