A person who has been authorized by another person to represent that person in a transaction is a/an:

a. agent
b. principal
c. fiduciary
d. Both a and c

Answer: d. Both a and c

Business

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Purchase Discounts Lost is a financial expense and is reported in the "other expenses and losses" section of the income statement.

a. true b. false

Business

An alternate way to increase sales volume is to increase the usage rate among users. This can be done by ________

A) converting nonusers B) having consumers use less of the product on each occasion C) having consumers use the product on more occasions D) attracting competitors' customers E) entering new market segments

Business