Answer: B. Pell: No; Astor: Yes.
Explanation: According to Termination of agency law:
-An agent is entitled to renounce his power by refusing to act or by notifying the principal that he will not act for the principal.
The agent can terminate the agency first in absence of contractual agreement relating to the provision of duration of contract.
Answer: $65000
Explanation:
For the month of April, the conversion cost that was incurred would be calculated as:
Beginning inventory of Direct Materials = $18000
Add: Purchase = $32000
Total cost of Direct Materials available = $50000
Less: Ending inventory of Direct Material = $15000
Therefore, Direct material used:
= $50000 - $15000 = $35000
Add: Direct labor = $30000
Conversion cost incurred = $35000 + $30000 = $65000
Answer:
True.
Explanation:
This statement is true, due to the fact that the marketing activities whose competences are ethical considerations, encompass the product strategy as a focus, but also the promotion, marketing research and prices. Ethical considerations in relation to the marketing of a product, means that the product will meet the demands of consumers and satisfy their wants and needs along with the ethical considerations contained in the product. As an example we can mention a makeup company that uses stamps that do not perform tests on animals and uses biodegradable packaging, this company is attesting to consumers ethical values required by its potential audience, so research is needed to identify what their customers' demands are , price strategy in product development and commercialization, etc.
Answer:
Related to Micro Economics : A, B, C, E.
Related to Macro Economics : D.
Explanation:
Micro Economics is the study of a single individual consumer, producer, industry. Eg - Price of a good
Macro Economics is the study of all consumers, producers, industries of the economy at a whole. Eg - General Price level.
Both Micro Economics and Macro Economics deal with aggregates. But:- Micro Economic aggregates have lower level of aggregation & are contextually less related to wide total, than Macro Economics.
<u>Micro Economics </u>: 'A student's decision about how to allocate his time between studying two subjects' ; 'A firm's decision on which production method to use' :- are related to single economic units.
'The effect of rent control on the housing market' ; 'The effect of externality on the quantity produced by the market' :- are related to only those particular industry markets & not to economy as a whole.
<u>Macro Economics </u>: 'The effect of an increase in income tax on national income' :- is an impact of country's government policy at its whole national income.
His study had a high level of <em>replicability.</em>
Replicability is, in psychology and other experiments, the ability for the study to consistently produce the same results when conducted multiple times with the exact same procedure. If Kevin was able to conduct his experiment and Malcolm was also able to follow the same procedure and find the same results, then his study is highly replicable.
