Yes, the principal has an obligation to pay the agent for liabilities resulting from the agent's lawful and authorized acts on the principal's behalf, subject to the provisions of the agency agreement.
In the language of law, someone who has been given the authority to act on behalf of another person or entity is referred to as an agent. To represent a client in discussions and other interactions with third parties, an agent may be hired. The agent may be given the power to make decisions.
Attorneys, who represent their customers in legal proceedings, and stockbrokers, who are employed by investors to make financial decisions, are two popular sorts of agents. In these cases, the agent's client is referred to as the principle. When referring to a fiduciary relationship in finance, it means that the agent has been given permission to operate in the client's best interest and on their behalf.
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According to the reading, what can make an honest competitive assessment difficult?.
According to the reading, emotional attachment to your idea can make an honest competitive assessment difficult.
What is competitive assessment?A competitive analysis is a review of the rivalry in a certain market with the goal of guiding business choices. Creating a list of competitors and a profile for each one that includes details such as the kinds of goods and services they offer, their market share, their marketing approaches, and any standout strengths and flaws is the norm for an assessment. Comparisons between a company's unique goods and services and those of rival companies may also be part of the assessment.A competitive assessment's goal is to assist managers in taking competitors' presence into consideration while making company choices. Knowing the advantages and disadvantages of rival businesses can help managers take advantage of their advantages, imitate their shortcomings, or steer clear of areas where their rivals excel. Making poor business judgments might occur when rivals are not taken into consideration. It might not be a good idea to open a similar store in an area where there are already an established vehicle repair shop, for instance. A new business that focuses on distinct or complementary services, however, might have a higher chance of succeeding.To learn more about competitive assessment, refer to
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When actions by individuals in an organization are directed toward the goal of furthering their own self-interests, this is known as.
When actions by individuals in an organization are directed toward the goal of furthering their own self-interests, this is known as Organizational Politics
What is Organizational Politics?Organizational politics refers to informal, unofficial, and occasionally covert actions taken to advance ideas, influence organizations, consolidate power, or accomplish other specific goals.Politics has existed for thousands of years. According to Aristotle, politics is a result of a variety of competing interests that must be reconciled in some way. When interests are fundamentally at odds, "rational" decision-making alone may not be effective, which leads to political behaviors and influence methods.Working in companies today demands the ability to manage competing agendas and evolving power structures. Effective politics is about keeping relationships while accomplishing objectives, not about winning at any costs. Organizational politics are not necessarily bad, despite how they are sometimes depicted. Instead, in order to reduce organizational politics' detrimental impact, it's critical to be conscious of their potentially damaging elements. Of course, people within of organizations might squander time by acting excessively politically. According to research cited in HR Magazine, managers squander 20% of their time on politics.
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Cost of Units Transferred Out and Ending Work in Process
The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $375 and $60, respectively. The equivalent units to be assigned costs are as follows:
Equivalent Units
Direct Materials Equivalent Units
Conversion
Inventory in process, October 1 0 320
Started and completed during October 14,800 14,800
Transferred out of Rolling (completed) 14,800 15,120
Inventory in process, October 31 1,200 300
Total units to be assigned costs 16,000 15,420
The beginning work in process inventory on October 1 had a cost of $318,560. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.
Line Item Description Amount
Completed and transferred-out production $fill in the blank 1
Inventory in process, October 31 $fill in the blank 2
Total costs assigned by the Rolling Department
1. Begining work in process is included in completed and transferred production.
2. Begining Cost is included in calculation of equivalent units.
Formula = equivalent unit × rate.
A. Completed and transferred out production
Direct material = 50,000×$0.75 = $37,500.
Conversion = 52,000×$2.65 = $1,37,800.
Total amount for completed and transferred out = $175,300.
B. Inventory in process
Direct Material = 4000×$0.75=$3000
Conversion = 1600×$2.65=$4240.
C. Total cost assigned by rolling department
Direct material cost A + cost B
$ 37,500 + $ 3000 = $40,500.
Conversion cost A + cost B
$ 137800 + $ 4240 = $142040.
Production is the technique of mixing numerous cloth inputs and immaterial inputs (plans, information) so that it will make something for intake (output). It's far the act of making an output, an excellent or carrier which has fee and contributes to the application of people.[1] The region of economics that makes a speciality of manufacturing is referred to as production idea, that's intertwined with the consumption (or consumer) idea of economics. Four elements of manufacturing (Jiang, 2020) The production procedure and output at once result from productively utilizing the authentic inputs (or elements of manufacturing). Referred to as number one producer items or services, land, labour, and capital are deemed the three essential production elements. Those number one inputs are not appreciably altered inside the output system, nor do they emerge as an entire aspect in the product.
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Conducting a search of the store is part of store closing duties.Why?
Searching for the store is one of the store closing duties so no work or the detailing of the extra work to be done is being overlooked.
What are the Store closing duties?Store closing duties are one of the most important duties which is a must and also needs to be followed the most important thing regarding the store closing duties are to in an organized manner to close down the hops and also to move on freely for over some time.
The Store closing duties include a lot of things including the most important and also the only way of carefully carrying out the most essential form of few steps that to look after the shops, the customers as well as the way a sho needs to close before anything else.
Store closing duties are also carried out very carefully and it is the most important responsibility of the store owners.
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What is the purpose of an advance directive?
A. It removes the burden of making end-of-life decisions for loved
ones.
B. It removes the burden of creating a final will.
C. It provides direction for estate planning and distribution.
D. It directs loved ones to make end-of-life care decisions.
SUBMIT
The correct option is option D. It directs loved ones to make end-of-life care decisions.
What is an Advance directive?
In the event that you are unable to make your own medical decisions, an advance directive is a legal document that specifies how you want those decisions to be made.
An advance directive is intended to direct your healthcare team and loved ones when they must make these decisions on your behalf or to designate who will act on your behalf in the event that you are unable to. Your healthcare team may decide to take special measures or provide emergency care in certain medical decisions. You can plan ahead and decide on the type of care you desire with the use of an advance directive.
Advance directives only apply to decisions regarding medical care; they have no bearing on financial or material considerations. From state to state, there are variations in the legislation governing advance directives.
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Which act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal?.
Gramm-Leach-Bliley Act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal.
The Gramm-Leach-Bliley Act requires financial institutions (companies that provide financial products or services to consumers, such as credit, financial or investment advice, and insurance) to explain their information-sharing practices to their customers and Obliged to protect.
GLBA requires entities that qualify as “financial institutions” to take a number of positive steps to prevent the unauthorized collection, use and disclosure of NPIs. These obligations are imposed by two "rules": (i) Privacy Rules and (ii) Security Rules.
To comply with the GLBA, financial institutions must provide customers with notice of how they share their confidential information and the right to opt out if they do not want their personal information shared with third parties. be notified and apply special protective measures. to personal data in customer accounts.
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What is a net worth statement?
It is a listing of an individual’s net income minus their expenses, calculated on a monthly basis.
It is a spending plan based on income and expenses.
It is a listing of what an individual owns minus what they owe.
It is an invoice.
The net worth statement is a listing of what an individual owns minus what they owe.
What is a net worth statement?Using a net worth statement, you can view your financial situation at any given time. It is comparable to a "financial snapshot," showing the dollar amounts of your assets and liabilities (liabilities or debts). The value that remains after deducting liabilities from assets is simply referred to as a person's net worth.
Liabilities include obligations such as mortgages, credit card balances, student loans, and auto loans. In addition to debts that must be repaid, liabilities can also include tax and bill commitments. You can determine your net worth by deducting all of your debts and liabilities from your assets. You can be prohibited from selling products that are difficult to sell or intangible.
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Restart Exam
What major change was made to accessing data in Excel 2016?
All data is added to a table in a workbook.
It automatically creates VLOOKUP formulas to connect multiple tables.
Uses a new "engine" based upon Power Query.
You will never need technical assistance when connecting to data sources
Confirm.
Uses a new "engine" based on Power Query. the major change was made to accessing data in Excel 2016, Thus option (C) is correct.
What is the database?A database is an ordered collection of data that is stored and retrieved electronically in computing. Small databases can be kept on a file system, whereas large databases are kept on computer clusters or in the cloud. A database is a structured collection of information. They enable electronic data storage and manipulation. Databases simplify data administration.
The Business Intelligence (BI) features are the key differences between Excel 2016 and 2013. They may be found on the Insert and Data tabs and consist of a Power Maps tool, a Forecast Sheet function, and a number of new chart kinds.
Therefore, Thus option (C) is correct.
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1. A manager increases___by seeking feedback and reflecting on how her personality affects her behavior and impacts other people.
A manager increases her self-awareness by seeking feedback and reflecting on how her personality affects her behavior and impacts other people.
What is self-awareness?Self-awareness is the experience of one's own identity or uniqueness, according to self-help philosophy. It should not be confused with qualia-based awareness. While self-awareness is the realization of that awareness, consciousness is the awareness of one's surroundings, body, and lifestyle.
Being self-aware means having a solid awareness of who you are, including your feelings and personality. Learning to better understand your emotions and your behavior is a key component of developing self-awareness.
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Andre is a plant manager. When he learns that inaccurate rumors which may be harmful to the company are being spread through the grapevine, what should he do?
Andre would have to dispel the rumors as well as sue the people that are responsible for the spread of such rumors.
What is a rumor?A rumor is a piece of information that is being spread without verification that it is accurate. You shouldn't place a lot of faith in rumor and speculation, for example, since rumor can also refer to widespread hearsay. Rumor is a verb that implies to report or disseminate rumors.
Glamour and rumors have long been appealing literary subjects. The four basic sorts of rumors are desire rumors, fear or bogey rumors, wedge-driving or aggressive rumors, and anticipatory rumors. Social scientists have even researched the subject.
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banks decide to do away with fees charged to noncustomers when they use another bank's atm increasing there disposable income. if the fed wants to maintain the same federal funds rate, it should:
As banks decide to do away with fees charged to noncustomers when they use another bank's atm increasing there disposable income. if the fed wants to maintain the same federal funds rate, it should sell Treasury bills.
What is the Federal Funds Rate about?In economics, the federal funds rate means the target interest rate set by the Federal Open Market Committee and this target of the rate is at which the commercial banks borrow and lend their excess reserves to each other overnight.
The Federal Open Market Committee, which is the policymaking body of the Federal Reserve System meets 8 times a year to set the target federal funds rate which is part of its monetary policy and it is used to help promote economic growth.
The FOMC makes decisions about rate adjustments based on key economic indicators that may show signs of inflation, recession, or other issues that can affect sustainable economic growth and the indicators can include measures like the core inflation rate and the durable goods orders report.
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Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15 each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 40,000 units of its product remain in inventory.
The total cost of the units available for sale during the year equals to $3,150,000.
What is total cost of units?Basically, an unit cost means the total expenditure incurred by a company to produce, store and sell one unit of a particular product or service. Its includes all of the fixed and variable costs associated with the production of a good or service.
The computation of the number and total cost of units available for sale are as follows:
= 23,000 units in beginning inventory * $15
= $345,000
= 30,000 units purchased * $18
= $540,000
= 39,000 units purchased * $20
= $780,000
= 23,000 units purchased * $25
= $575,000
= 35,000 units purchased * $26
= $910,000
Therefore, for the 150,000 units, the cost available for sale equals to the amount of $3,150,000.
Missing wordings "Mar. 730,000 units at $18 each, May 2,539,000 units at $20 each, Aug. 123,000 units at $25 each, Nov. 1,035,000 units at $26 each. Requirement: Compute the number and total cost of the units available for sale during the year".
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why are so many businessess choosing a limited liability company (LLC) form of ownership?
A limited liability company (LLC) is a popular choice among small business owners for the liability protection, management flexibility, and tax advantages this form of business entity often provides.
Why did Congress adopt the WARN Act?
WARN (Worker Adjustment and Retraining Notification Act) (29 USC 2100 et seq.) - Protects workers, their families, and communities by requiring that most employers with 100 or more employees give notice of plant closings and mass layoffs 60 calendar days in advance.
This aids in the adaptation of both communities and workers to the effects of industrial closures and layoffs. Congress created the Worker Adjustment and Retraining Notification Act (WARN) in August 1988 to provide employees enough time to look for alternative employment or retraining options before their jobs were eliminated.
When an eligible plant closes or there are mass layoffs, the Worker Adjustment and Retraining Notification (WARN) Act helps to assure advance notice. Workers and employers can use compliance support materials from the U.S. Department of Labor to better understand their rights and obligations under WARN's rules.
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