Which of the following does not require an activity that provides services for a user fee to be reported in an Enterprise Fund?
a. Net revenues are pledged as the sole security for debt issued to finance the activity
b. Laws or regulations require the activity to recover its costs, including capital costs
c. Pricing policies require the activity to recover its costs, including capital costs
d. The main source of revenue for the activity is charges to external users
D
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________ is achieved when the joint cash flows of two or more collectively owned business units
exceed the sum of cash flows that they would generate independently. A) Diversification B) Synergy C) Parenting advantage D) Economies of scope
Sam is George's agent. George decides to fire Sam. Mel is an old customer of George's and he has dealt with Sam for over 20 years. Ellie is a prospective customer that Sam has spoken with on numerous occasions in his capacity as George's agent, and George was aware of the preliminary negotiations. Mel orders goods from Sam after Sam has been fired but Mel has no knowledge of the firing. Later,
Sam takes an order from Ellie, who does not know of the firing. Using the rules of the Second Restatement, which of the following statements would apply to this scenario? a. George will be liable for the contract with Mel. b. George will not be liable on the contract with Mel. c. George will not be liable on the contract with Ellie. d. George will be liable for the contract with Mel but not liable on the contract with Ellie e. George will be not liable for either the contract with Mel or the contract with Ellie