Vernon and Josh Are Partners in an Accounting Firm

question 36

Multiple Choice

Vernon and Josh are partners in an accounting firm.They agree that only Josh has authority to make contracts to perform audits of clients,an agreement known by Mantron Company.Nonetheless,Vernon and Mantron contract for the partnership to audit Mantron's financial statements.Vernon takes the contract to Josh,who reads it and says,"OK,we can perform the audit." In this situation,Josh has _____ the contract.

• A) nullified
• B) modified
• C) ratified
• D) transferred

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Definitions:

Marketer-Controlled Sources

Marketer-controlled sources refer to the channels and content fully controlled by the marketer, such as company websites, press releases, and branded advertising materials, used to communicate with the audience.

Information Search

The process consumers undertake to gather information about products or services to make informed purchasing decisions.

Consumer Demand

The desire and willingness of consumers to purchase goods or services at a given price, which influences market dynamics and business decisions.

Wants

Desires or wishes that are not essential for basic survival but are sought for pleasure, comfort, or luxury.