Answer:
Apparent Authority
Explanation:
Based on the information provided within the question it seems that the authority that Charlene has given Megan is Apparent Authority. This term refers to a subtle authority given to an individual which a reasonable third party would understand that they are an agent acting on behalf of their employer. Such an example would be an employee driving a UPS truck, any reasonable person would see the UPS truck as a sign that the individual driving has authority to act on behalf of the UPS company. The UPS truck is similar to the business card that Megan has, giving her apparent authority to act on behalf of Thrift City.
Answer
A Partnership can be terminated by bankruptcy, death of a partner and agreement by partners. The answer is D. all of the above.
Explanation
Terms leading to the termination and dissolution of a partnership should be specified in a partnership agreement. The terms may include all the events that might lead to termination of the agreement. A partnership can terminate if the expiry date is reached, when the project is completed, death of a partner, bankruptcy of a partner, illegality of activities and a court application for an order of termination.
Answer:
C. Profit motive ensures that companies and workers are encouraged to participate and thrive in the market.
Explanation:
The profit motive is the aspiration for an economical gain when participating in the economy. In this case, this desire maintains motivated the companies and workers.
Answer:
B) average total cost must be rising
Explanation:
Marginal cost is the rate at which total variable cost increases when one more unit is produces.
So when marginal cost is larger than average cost, it means that total average costs must be increasing.
For example, we have the following production costs:
- total costs = $100
- units produced = 20 units
- total average costs = $5 per unit
If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).
A. <span>Bartering which is a form of trade. For example I'll give you 5 bags of brain for your cow, or I'll give you 5 cars for your house, etc. It wasn't the best way to get things because the value of something could change drastically depending on many things. </span>
