Aaron Wright Is a Sales Agent for Grandfather Clocks Unlimited,and

question 58

Multiple Choice

Aaron Wright is a sales agent for Grandfather Clocks Unlimited,and he has the company's explicit recognition of his ability to finalize sales contracts.He negotiated a sales agreement with Benfield's Furniture Stores for the delivery of 50 clocks by the 30th of the month.Benfield's did not receive the clocks on time to satisfy the customer orders they intended to fill.The principal is liable for making good on this promise because Aaron was acting according to which of the following?

• A)specific performance
• B)scope of authority
• C)due diligence
• D)statute of limitations

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Definitions:

Range

The difference between the highest and lowest values in a set of data.

Median

The median is the value that lies at the center of a dataset when it is organized in ascending or descending order, splitting the set into two equal parts.

Standard Deviation

A metric that gauges the spread or deviation of a dataset in relation to its average, showing the extent to which the data points are scattered.

Mean

The average of a set of numbers, calculated by dividing the sum of all the values by the number of values.