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Likurg_2 [28]
3 years ago
9

Elaine is a secretary for a business. One day a customer comes in to file a new contract while Elaine is seated at her boss’s de

sk. The customer assumes Elaine is a person of authority, and Elaine is knowledgeable enough to help the customer file the contract.
Which response aligns best with this situation?

a) Enforceable via factor agent
b) Enforceable or unenforceable - no agency
c) Enforceable via employee agent
d) Enforceable or unenforceable w/ agency
Business
1 answer:
slega [8]3 years ago
6 0

Answer:

The answer is c:

Enforceable via employee agent

Explanation:

The definition of agency law deals with agent-principal relationships; that is a relationship where one party has the legal authority to act in place of another. Relationships that are commonly associated with agency law include employer-employee, administrator-decedent or executor, and guardian-ward.

Agreements that result in the formation of agency-type relationships can be implied or express, and both the principal and the agent can be an entity (such as partnership or corporation) or individual.

Here in the given situation, since, Elaine is an employee of the business and knowledgeable enough to deal with the contract filing, it is implied that she is acting as an employee agent, that she can help the customer in filing the contract.

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The last one is definitely not the answer. I am also trying to figure this out but I know for a fact the last one isin't, I think it is the 3rd option! i looked up the defenitions of the others and the one that seems right  is the 3rd. Goodluck!

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Answer: the highest of the minimum wages.

Explanation:

The company will have the pay the minimum wage that is the highest because they are under the authority of all three governments and paying the highest minimum wage would ensure that they automatically follow the minimum wages set by the other two authorities.

For instance; the federal minimum wage is $7.25 per hour, the state minimum wage is $10 per hour and the city minimum is $12 per hour. When the company pays $12 an hour, they would be adhering to the city minimum and automatically adhering to the Federal and State minimums as well.

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3 years ago
The Engine Division provides diesel engines for the Motor Home Division of a company. The standard unit costs for Engine Divisio
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Answer:

The best transfer price to avoid transfer price problems is $2,310

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Transfer Price = Variable cost + Fixed Fee

Variable Cost = Direct Material + Direct labor + Variable Overhead

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Therefore, The best transfer price to avoid transfer price problems is $2,310

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3 years ago
What three factors influence the value of a country’s currency?
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Economics conditions, political stability and balance of payments 3

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Commercial substance exists in business transactions where the outcome is anticipated to change the company's cash flows in the future and is considered only when there is a significant alteration in the risk of cash inflow, the timing of cash inflow, and the amount paid as a result of the transaction.

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