Interest rate volatility increases the complexity of cash management

Which of the following best describes skill-based training?

A. The emphasis is on learning how to apply knowledge. B. Developing the program content is strictly the responsibility of the participants. C. It involves becoming acclimated to the company and accepting its vision and values. D. The emphasis is on learning theoretical concepts.

Which of the following statements is false regarding the formation of a principal-agent relationship?

A. An agency must have a legal purpose. B. An agency may be implied in law, even if the principal did not intend to grant authority. C. The test for agency is objective. D. Each element of a contract must be present for the relationship to exist.