Mike Authorizes His Agent,Ben to Borrow a Sum of $10,000

question 82

Multiple Choice

Mike authorizes his agent,Ben to borrow a sum of $10,000 on his behalf from the National Bank.Ben signs his name to a note without disclosing that the signature was on behalf of Mike.Who is liable on the note?

• A)Only Mike is liable.
• B)National Bank is liable.
• C)Both of them are liable.
• D)Only Ben is liable.

Identify the different models of attitudes proposed over time.

Distinguish between the three-component and two-component models of attitude.

Understand the basis of balance theory in attitude consistency.

Grasp the significance of automatic judgements and implicit measures in attitudes.

---

Definitions:

Labor Costs

The total amount of financial compensation that businesses must pay to their employees.

Compensation

The total amount of the financial and non-financial pay provided to an employee by an employer in return for work performed as required.

Base Pay Rates

The initial salary given to an employee, excluding additional benefits, bonuses, or increases due to performance or seniority.

Strategic Goal

A long-term, broad aim that an organization seeks to achieve in order to realize its mission and vision.