Although He Was Not Really an Agent and Had No

question 7

Multiple Choice

Although he was not really an agent and had no authority to do so,Gordon thought his employer would be delighted when he purchased a truck "on behalf of" his employer.Although the price was very reasonable,his employer now refuses to ratify the contract.Which statement best describes the parties' liability under the contract?

• A) Gordon and his employer are bound by the contract.
• B) The employer is solely liable as an undisclosed principal.
• C) The employer is solely liable under the doctrine of estoppel.
• D) Gordon is bound by the contract.

Understand the process of Romanization on Etruscan art and society.

Identify key Etruscan artworks and explain their significance.

Analyze the impact of political changes on Etruscan art and society.

Understand the components of the general environment and how they affect organizations.

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Definitions:

Managerial Accounting

The process of identifying, measuring, analyzing, and communicating financial information to managers for the pursuit of an organization's goals.

Product Costs

Costs that are directly associated with the creation of a product, including materials, labor, and overhead.

Direct Materials Cost

The expense associated with the raw materials directly used in the manufacture of a product.

Employee Wages

Compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.