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bearhunter [10]
3 years ago
10

An agent is authorized to act on behalf of a principal in doing business with third parties. True False

Business
1 answer:
bonufazy [111]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

In making business relationships, an agent acts as a third party that is legally authorized to establish businesses for one of the entities involved. The entity that uses the agent as an intermediary is called the principal. The agent must follow the principal's instructions avoiding to be biased by self-interest.

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Suppose that there are only three consumers of a product. At a price of $3 per unit, the first consumer would buy 6 units of the
slava [35]

Answer:

The quantity demanded at $3 would be 18 units.

Explanation:

The market demanded curve is the sum of all individual demand curves in the market. We can sum up the individual quantity demanded of a good to find out the quantity demanded by the market as a whole.  

Suppose the price of a good is $3. There are three consumers in the market.

The first consumer would buy 6 units, the second would buy 5 units and the third would buy 7 units.

The market demand for the good at the price of $3 would be,  

= 6 units + 5 units + 7 units

= 18 units

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3 years ago
According to the ohio and u.s. constitutions, which responsibility is held by both the state of ohio and the federal government
nataly862011 [7]
The answer is A) Raising taxes


The Constitution of 1789 gives the Federal Government authority to raise and levy taxes in all of the States in America.


It comes under the General Welfare Clause and gives complete authority to impose and collect taxes. 

It prohibits separate State taxation IF it hinders inter State and International trading. It also prohibits each State from setting up independent import and export duties without the approval of the Federal Government, that is, the Congress.

It requires all tax revenue bills to originate solely from the House of Representatives.

 

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7 0
3 years ago
All of the following are examples of a SMART goal EXCEPT:
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iren2701 [21]
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Which of the following reasons would cause a company to reject an offer to accept business at a special price?
zysi [14]

Answer:

The additional sale will not conflict with regular sales.

Explanation:

Accept business at a special price if the additional sales conflict regular sales. That is, special price must maintain the status quo or improve it.

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