Which of the following would not be essential in order to create an agency relationship?
a. a fiduciary relationship
b. the agreement of the party to the agency
c. an agreement to pay commission
d. a competent principal
Answer: c. an agreement to pay commission
Business
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If a bank reconciliation includes interest revenue, a journal entry is required which credits Cash and debits Interest Revenue
Indicate whether the statement is true or false
Business
When writing a persuasive letter for claims or adjustments, you should
A) assume the other person has no interest in helping you. B) use a confident and positive tone. C) mention as many additional complaints as possible about the company. D) say you have already contacted an attorney (even if you really haven't). E) repeatedly say how disappointed you are in the company.
Business