Which of the following statements is true of an agent taking an opportunity?
A) An agent can legally take an opportunity that is entitled to the principal.
B) A third-party offer to an agent need not be conveyed to the principal.
C) An agent cannot appropriate an offer for himself or herself once the principal rejects it.
D) A principal is permitted to recover a usurped opportunity from an agent.
D
Business
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Based on the information in Table 4-1, and assuming the company's stock price is $30 per share, the
P/E ratio is A) 9.85. B) 10.99. C) 3.09. D) 4.83.
Business
The measure that indicates how efficiently assets are being used to support sales is called the
A) total asset turnover. B) current ratio. C) book value. D) net profit margin.
Business