Sclafani is a disclosed principal
<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal.
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Explanation:
1) Who was the principal?
Sclafani is a disclosed principal
<u>Principals are liable for contracts made by an agent when that contract was authorized by the principal.
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2) Who is the agent?
<u>The office worker
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3) Who is the third party?
<u>When a third party, in this case Felix, enters into a contract with a disclosed principal, in this case Sclafani, who is liable on the contract the principal alone
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In this case Felix alleged that Sclafani authorized the officer worker to sign and fax the credit application back to Felix.
Felix likely alleged that in the event Sclafani did not give actual authority to the officer worker, the officer worker had apparent authority to contract with Felix.
Apparent authority is established when the principal leads a reasonably prudent person to justifiably believe that an agent has authority to act.
Answer:
C. forming, storming, norming, performing, and adjourning
Explanation:
Forming stage covers period of orientation.
storming involves the most difficult stage in which individual ambition comes to the fore.
norming : sense of cohesion and unity emerge
performing : team focuses on performance.
adjourning : It involves documentation of operation.
Answer: A) usage promotion
Explanation:
When a product is promoted based on what it can do or rather what it is used for, the perspective being used is called a usage promotion. The aim of this is to show the users the benefits of using the products so that they can buy it for that purpose.
The vegetables here are being shown to help a person achieve physical fitness and live a healthy life. The goal is therefore to entice people to buy vegetables so that they are healthy in life.
Answer:
the cost for the running the boarding school for 600 students is $61000
Explanation:
Let x be the constant cost and y be the variable cost . then according to the given condition
total cost=<em><u> x +25y= $3500-------1</u></em>
<u><em>x +50y= $6000----------2</em></u>
Subtracting 1 from 25y= 2500
<u><em>y= 2500/25= $100-----------3</em></u>
<em><u>Putting the value of y from 3 in 1 </u></em>
x+ 25(100)= 3500
x+ 2500= 3500
<u><em>x= 1000$---------4</em></u>
<u><em>Putting the value of y from 3 in 2</em></u>
x+ 50(100)= 6000
x+ 5000=6000
<u><em>x= 1000$----------5</em></u>
<u><em>Putting the values of x and y in 1 for 600 students</em></u>
1000+ 600(100) =1000+ 60000= $61000
Answer:
Option A $25000
Explanation:
The breakeven point in sales dollars can be calculated by using the following formula:
Breakeven Sales In Dollars = Fixed Cost / Contribution Margin ratio
The fixed cost here is $14000 and the contribution margin ratio is 0.56.
So by putting the values, we have:
Breakeven Sales In Dollars = $14000 / 0.56 = $25000
So the sales required to breakeven at a contribution margin of 0.56 is $25000. Remember that Fixed cost though remains the same but contribution margin ratio changes when the variable cost or selling price changes. So if the changes in variable cost or selling prices are witnessed to achieve the maximum profit possible, then the managers must recalculate the breakeven point because it has been altered due to these changes.
