Predictive marketing analytics are used to predict future response rates, conversion rates, and campaign profitability

Which of the following is an incorrect statement regarding termination by agreement?

A) The principal may decide to terminate the principal-agent relationship. B) The agent may decide to terminate the principal-agent relationship. C) When the principal-agent relationship is terminated by agreement, all third parties who dealt with the agent should be given actual notice by the principal. D) When the principal-agent relationship is terminated by agreement, actual notice may be given to others through advertisements in newspapers published in areas where the agent operated on behalf of the principal.

Which of the following is a part of the "just-in-time" inventory control philosophy?

A) Job tasks should be highly specialized. B) Machinery must produce a large number of items to justify long set-up times and high costs. C) The lower the level of inventory a manufacturer maintains, the more efficient is the production system. D) Long production runs of standard items are ideal.