Which of the following is a prerequisite for the creation of an agency relationship?
A. Consideration must be given.
B. The agent must have capacity.
C. The principal must have capacity.
D. The consideration must be in writing.
Answer: C. The principal must have capacity.
Business
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Ready Tees, an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The carrying cost is $0.10 per shirt per year
The order cost is $500 per order. What is the optimal order quantity for the t-shirt inventory (rounded to the nearest dollar)? A) 1,581 B) 8,333 C) 15,841 D) 31,623
Business
During an organizational confrontation meeting, all managers of an organization meet to deal with the issue of whether the organization is effectively meeting its goals
Indicate whether the statement is true or false
Business