Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis? The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement. The principal is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
Answer: C. Both I and II.
Business
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A current ratio of 2.4:1 means that a small company has $2.40 in current liabilities for every $1 in current assets
Indicate whether the statement is true or false
Business
A company that uses speech analytics
A) examines employees' phone communications to determine their political and religious affiliations B) taps consumers' home phone lines to identify shifts in their preferences for particular products and services. C) records customers' phone calls to the company and analyzes key words spoken, pauses, and voice timbre. D) purchases studies of trends in slang to make its marketing communications more effective.
Business