Which need is the primary influence on the demand for financial information?
A) the need for managers to make decisions that improve organizational effectiveness and efficiency
B) the need for society to maintain an equilibrium of good and services
C) the need for user groups to make decisions regarding resource allocation
D) the need for regulators to control improper business behavior
Answer: C
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Marketers need to understand the ________ factors of a country from two perspectives: the country's overall level of industrialization and its income distribution
A) political B) cultural C) economic D) legal E) natural
All of the following statements about the rules governing agency relationships are true EXCEPT
A) An agent must be authorized to act on behalf of a principal. B) An agency agreement may grant certain powers to the agent as well as denying the agent other powers. C) The principal is responsible for the acts of agents only if the acts are criminal. D) Knowledge of the agent is presumed to be knowledge of the principal with respect to matters within the scope of the agency relationship.