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BartSMP [9]
3 years ago
9

What is not a duty the agent owes the principal?

Business
1 answer:
Likurg_2 [28]3 years ago
7 0

Answer:

superior competence

Explanation:

Superior competence is a skill an agent is expected to display in a resonable manner in any situation.

An agent is a person appointed by the principal and one who links the principal to the third party while principal is someone who appoints an agent to act on its behalf.

An agent is not superior to the principal. In other words, an agent is expected to act reseanably at all times in accordance with the terms of his contract with the principal.

Some of the duties of an agent to his principal are

- reasonable care and skill

-duty not to delegate

-avoid conflict of interest

-act within the scope of powers and authority delegated to him

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The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council
Mekhanik [1.2K]
<span>Setting a rent control price ceiling will cause the same impact as any other price ceiling that is below the market equilibrium price: it will create a shortage in the market. At the price equilibrium of $600, the number of renters would exactly meet the number of available 2 bedroom apartments. However, with this fixed price ceiling, the position along the demand curve will shift to one of higher demand, with no analogous change in the supply curve. Thus there will be more renters than can be supported, and renters will have to look for alternatives and substitutes.</span>
8 0
4 years ago
A firm reports the following data:________.
ANEK [815]

Answer and Explanation:

The computation is shown below:

a. For Account receivable days is

= Total number of days in a year × account receivable balance ÷ Sales

= 365 days × $50,000 ÷ $445,000

= 41.01 days

b. For inventory days

= Total number of days in a year × inventory balance ÷ Cost of Goods sold

= 365 days × $50,000 ÷ $280,000

= 65.18 days

c. For Account payable days

= Total number of days in a year × account payable balance ÷ Cost of Goods sold

= 365 days × $42,000 ÷ $280,000

= 54.75 days

d. For a cash to cash days

= Account receivable days + inventory days - account payable days

= 41.01 + 65.18 + 54.75

= 51.44 days  

5 0
3 years ago
Juan is a nursing student from Peru who first arrived in F-1 immigration status on September 1, 2019. He does not have a tax ide
kolezko [41]

Answer:

True

Explanation:

Form 1040 NR is a document that is filed by U.S. residents. The taxable income is filled in the document to identify tax paynment or refund. Juan is student and he is dependent on the interest income that comes from the saving which is by their parents earnings. The interest income saves the tax and there will be refund on this income. Juan should file the 1040-NR document.

3 0
3 years ago
Match the following terms to the correct definition. The maximum expected output capability of a resource or system. An approach
tamaranim1 [39]

Answer:

The maximum expected output capability of a resource or system. - Is the definition of <u>Design Capacity.</u>

An approach to a firm's acquisition of resources that will either lead, lag, or track the customer demand. - Is the definition of <u>Capacity Expansion Strategy.</u>

A capacity acquisition strategy where expansion takes place before the demand materializes and never falls behind the capacity growing requirements. - Is the definition of <u>Lead the Demand.</u>

The expected output capability of a resource or system after accounting for scheduled down time (like for maintenance).- Is the definition of <u>Effective Capacity.</u>

A capacity acquisition strategy where expansion takes place only after the demand materializes and never exceeds the demand. - Is the definition of <u>Lag the Demand.</u>

5 0
3 years ago
Which of the following terms is used to describe the actors and forces outside marketing that affect marketing management's abil
Lostsunrise [7]

Answer:

A

Explanation:

The marketing environment simply refers to the actors and forces outside marketing that affects the marketing management’s ability to build and maintain successful relationships with customers.

It is the term that is basically used when we consider external outputs that can affect the way in which relationships are built with the customers of the company.

It is a term that takes into cognizance the fact that there are some external influences that dictates and affects the relationship building mechanism of the company and its customers

5 0
3 years ago
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