Which of the Following Is Correct with Respect to the Ratification

question 117

Multiple Choice

Which of the following is correct with respect to the ratification of an agent's contracts?

• A) When a contract entered into by an agent is ratified by a principal, it commences at the time the principal ratifies the contract.
• B) A principal can only ratify an agreement entered into by an agent if his name has not been used.
• C) A contract can only be ratified if the principal was not able to enter into the contract himself at the time of ratification.
• D) The agent can set a time limit within which the ratification must take place.
• E) A principal can ratify a contract where the agent has gone beyond both his actual and apparent authority.

Understand the effect of differential rates on odd lot sales and purchases.

Analyze the daily movement of stock prices and compute net changes.

Compute the amount allocated to preferred stockholders when a company declares dividends.

Calculate the gain or loss from the sale of stocks, considering purchase and sale prices along with commission charges.

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Definitions:

Traditional Segmenting Techniques

Classic methods used in marketing to divide the market into groups based on characteristics like demographics, psychographics, geography, and behavior.

Older Americans

Individuals within the United States who are considered to be of older age, often categorized as senior citizens, and facing unique societal, health, and economic challenges.

Undifferentiated Targeting

A marketing strategy where a company targets the market as a whole rather than focusing on specific segments.

Market Segments

Divisions of a market into distinct groups of buyers with different needs, characteristics, or behaviors.