Which of the following statements is (are) true regarding the relationship between an agent and an undisclosed principal? The principal is required to indemnify the agent for any contract entered into by the agent within the scope of the agency agreement. The agent has the same actual authority as if the principal had been disclosed.

Which one of the following is true of Social Security benefits?

A. Benefits are taxed as ordinary income at both the federal and state level. B. Workers who meet requirements receive retirement benefits according to age and earnings history. C. Workers are not required to meet any eligibility rules to receive benefits. D. The cost of the program is borne entirely by the employees who pay a payroll tax. E. The program covers railroad and federal, state, and local government employees.

The purpose of a reverse stock split is to ________

A) issue additional shares B) increase the dividend C) increase the price of a stock D) decrease trading activity