Which of the following is true of an employer-employee relationship?

A) An employee has implied power of attorney towards the principal.
B) An employee has authority to act on behalf of the principal.
C) An employee can enter into contracts on behalf of the employer.
D) An employee is hired to perform a physical task or service.

D

Business

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Financial ratios are often reported by industry or line of business because differences in the type of

business can make ratio comparisons uninformative or even misleading. Indicate whether the statement is true or false

Business

You have recently started your business with a small capital investment. Your business needs a very high degree of flexibility so that you can quickly respond to environmental changes and you are also interested in minimizing costs

Which of the following types of organizations is best suitable for your business? A) a highly centralized organization B) a virtual organization C) a formalized organization D) a bureaucracy E) a hierarchical organization

Business