Romeo Is an Engineer and Owns RR Consulting

question 56

Multiple Choice

Romeo is an engineer and owns RR Consulting.His wife,Carmen,though not actually involved in the company,often helps out around the office.One day,when Romeo is out and Carmen is alone in the office,an agent representing XYZ Construction comes in to contract Romeo's services.Carmen tells the agent that she is one of the owners of the company and that they would be willing to do the work.When he gets back,Romeo refuses the job.Who bears the liability?

• A)Romeo because he is the principal
• B)XYZ Construction because they did not check to see if Carmen had authority
• C)RR's agent because he did not check to see if Carmen had authority
• D)Carmen because she acted as if she was the principal
• E)XYZ and Romeo are both liable under the terms of the contract

Comprehend the calculation and implications of various types of variances.

Analyze the reasons behind labor efficiency variances.

Evaluate the role of effort in efficiency and its impact on variance reports.

Understand the relationship between fiscal policy actions and their impact on the budget balance, national debt, and economic outcomes.

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Definitions:

Task Responsibilities

The specific duties or obligations assigned to an individual or team in their professional role.

Leader Shows

Leader Shows refers to the visible actions or behaviors presented by leaders that demonstrate their leadership qualities, influencing followers through example.

Task Planning

The process of defining and organizing activities, resources, and timelines to achieve specific objectives or complete projects.

Concern For Task

The focus and prioritization given to completing the responsibilities or objectives associated with a specific job or project.