Smith,an Agent,buys and Sells Used Computer Equipment on Behalf of New

question 4

Multiple Choice

Smith,an agent,buys and sells used computer equipment on behalf of New Life Technologies,Inc.In the absence of an agreement,which of the following tasks may Smith delegate to Elizabeth?

• A)The authority to buy and sell used computer equipment
• B)Keeping a record of transactions Smith undertakes on behalf of New Life
• C)The authority to estimate the fair market value of used computer equipment
• D)The authority to fix the selling price of used computer equipment

---

Definitions:

New Product Planning

The process of defining the strategy and development roadmap for bringing a new product to market, including market research, design, and launch plans.

Long-range Time Horizon

A future time period in which long-term plans or forecasts are made, often extending several years into the future.

Facility Location

The process of determining the best geographical location for a company’s operations, manufacturing, or distribution centers to optimize logistics and customer service.

Coefficient of Determination

A statistical measure used in the context of predictive models that indicates the proportion of the variance in the dependent variable predictable from the independent variable(s).