Which of the Following Is NOT an Example of a Constitutive

question 12

Multiple Choice

Which of the following is NOT an example of a constitutive rule?

• A) Going to X-rated movies is a sin.
• B) Helping your brother with his chores means you care.
• C) Whistling at the table is a mark of disrespect.
• D) All are constitutive rules.

Comprehend the duties owed by agents to their principals and the consequences of breaching these duties.

Recognize the legal implications of agent actions, including unauthorized transactions and the disclosure of information.

Identify the circumstances under which an agency relationship terminates and the resultant rights of third parties.

Understand concepts of export controls and the legal responsibilities of export brokers in correctly classifying and reporting exports.

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Definitions:

Payment For It

This term refers to the act of disbursing money in exchange for goods or services.

Cash Receipts

The collection of money, either in the form of cash or checks, received by a business during its operations.

Receivables Period

The median days a company waits to receive money owed by customers for goods or services delivered on credit.

Payables Period

The payables period is a financial metric that indicates the average time it takes for a company to pay its suppliers and vendors.