If a contract to sell real estate is signed by an agent, then the contract granting the agent
authority to sell the property must also be in writing in states that follow the equal dignity rule.
Indicate whether the statement is true or false
TRUE
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Rice Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp
The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $26 $36 Variable costs $14 $26 Machine hours required for one lamp 4 5 Total fixed costs are $50,000. Machine hour capacity is 25,000 hours per year. Assuming that the company can sell as many products as it can make, which product mix would deliver the highest operating income? A) 5,000 Bedford Lamps and 6,250 Lowell Lamps B) 0 Bedford Lamps and 5,000 Lowell Lamps C) 6,250 Bedford Lamps and 0 Lowell Lamps D) 6,250 Bedford Lamps and 6,250 Lowell Lamps
The electronic acquisition of goods and services for organizations via the Internet or private network best defines
A) e-procurement. B) spot buying. C) resource acquisition. D) MRO planning.