Sheila owns a fabric shop and has only one long time employee, Maria, who takes care of the store when Sheila is on vacation. During one of her absences, Maria has to deal with a question from a vendor who selling fabric to the store on a previously negotiated written order. Maria has worked with vendors before. This particular vendor has a question regarding the fabric written order, and Maria agrees to change the order resulting in an increase in price which Sheila disputes on her return claiming that Maria was not authorized to change the order. If sued, Sheila is likely to lose the case because Maria as Sheila's agent is likely to be found as having authority to bind Sheila, as the principal in the describe circumstances. What is this type of authority called?

You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.