Bolt corp. dismissed ace as its general sales agent and notified all of ace's known customers by letter. young corp., a retail outlet located outside of ace's previously assigned sales territory, had never dealt with ace. young knew of ace as a result of various business contacts. after his dismissal, ace sold young goods, to be delivered by bolt, and received from young a cash deposit for 20% of the purchase price. it was not unusual for an agent in ace's previous position to receive cash deposits. in an action by young against bolt on the sales contract, young will
a. lose, because ace lacked any express authority to make the contract. b. lose, because ace lacked any implied authority to make the contract. c. win, because bolt's notice was inadequate to terminate ace's apparent authority. d. win, because a principal is an insurer of an agent's acts.

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.