The cost of acquiring a customer list from another company is recorded as an intangible asset.

Which of the following is true about agency relationships in the European Union?

A) Agents must disclose whom they are representing to third parties. B) Third parties require proof that agents are acting on behalf of a particular principal. C) Agents must have expressed authority to act. D) Principals are bound to act in good faith toward their agents.

________ are prescriptive statements about what companies should do and are put together by trade associations and government agencies

A) Best practices B) Recommended practices C) Both A and B D) Neither A nor B