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Goryan [66]
3 years ago
10

On behalf of a general partnership that operates an appliance store, a partner, Locke, contracts to buy 15 stoves from Gage. Unk

nown to Gage, Locke was not authorized by the partnership agreement to make such contracts. Another partner, Vorst, refuses to allow the partnership to accept delivery of the stoves and Gage seeks to enforce the contract.a. lose, because locke's action was not authorized by the partnership agreement.b. lose, because locke was not an agent of the paetnership.c. win, because locke had express authority to bind the partnership.d. win, because locke had apparent authority to bind the partnership.
Business
1 answer:
Luba_88 [7]3 years ago
3 0

Answer:

D) win, because locke had apparent authority to bind the partnership.

Explanation:

Apparent authority refers to an an agent (in this case Locke) that has the power to act on behalf of a principal (the partnership), even though that power has not been expressly granted. The principal's conduct must imply that it has granted that power to the agent in order for a third party to reasonably believe it.

In this case Locke is a partner, so he is part owner of the partnership, that is why Gage reasonably believed that he had the power to place the order. Usually if the agent (Locke) had apparent authority, the principal (the partnership) will be liable for his actions.

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Answer:

D) Project importance is enhanced by setting authority equal to that of functional departments.

Explanation:

A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.

Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.

Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.

During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.

Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.

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2 years ago
Supporters of rent control say that it _____ the price of renting an apartment. raises lowers does not change
denis23 [38]

Answer:

The answer is lowers.

Explanation:

Supporters of rent control say that it <u>LOWERS</u> the price of renting an apartment.

Rent control is an administration program that puts a limit on the sum that a landowner can charge for renting a home or for renewing lease  

Rent control laws are typically established by regions and the subtleties differ broadly. All are planned to continue living costs reasonable for lower-salary occupants.

Rent control laws mostly limit the amount a landlord can increase rents on existing tenants.  Therefore Rent control is controversial. In fact, 37 states have laws that forbid local governments from enacting such measures.

6 0
3 years ago
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Explanation:

8 0
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The cross-price elasticity of demand measures the a. percentage change in the quantity demanded of one good in one location divi
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Answer:

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Price-demand elasticity measures the demand sensitivity of a good when a change in the price of another good occurs. For example, what happens to the demand for bread when the price of butter varies? This depends on the cross elasticity of demand since these goods tend to be complementary.

 The price elasticity of cross demand between two goods is easily calculated by a formula where the numerator is the change in the quantity of a good and the denominator is the percentage change in the price of the complementary good.

If the calculation of elasticity is greater than 1, it means that the amount demanded for bread is sensitive (elastic) to the price of butter and tends to vary sharply. If the result is between 0 and 1, the demand is inelastic, that is, the amount of bread demanded will not change considerably when the price of butter varies. If the calculation is equal to 1, then the demand for bread varies perfectly with the price of butter.

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