If a feasibility study is skipped before beginning construction on a hotel, it can lead to costly blunders, delays, and an increased risk of the project being unsuccessful.
A feasibility study is an analysis conducted to determine the practicality and likelihood of completing a proposed project or venture. This study assesses the project's feasibility and examines all factors that may impact its success or failure. The feasibility study serves as a decision-making tool for stakeholders to decide whether or not to proceed with the project. Some of the stakeholders who may have an interest in the study are investors, developers, bankers, construction companies, and management companies. Three reasons why the feasibility study is essential for hotel properties include identifying and minimizing risk, understanding the competition, and determining the financial viability of the project. The feasibility study report provides a detailed analysis of the project's market potential, competition, financial projections, site assessment, and environmental factors. This report can assist stakeholders in understanding the project's feasibility and making informed decisions based on the data presented.
If a hotel property decides to skip the feasibility study, several issues may arise, such as cost overruns, time delays, inadequate financial projections, and a lack of understanding of the competition, which could lead to failure.
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Grant, a young Newfoundlander, has just graduated from high school and is deciding what to do with the rest of his life, which lasts two periods (like everyone else's). His main decision is whether to stay in Newfoundland or migrate to Toronto. If he stays in Newfoundland, he will earn Y, in period 1 and Y, in period 2. If he moves to Toronto, he will incur a moving cost of M (in the first period), and he will be unemployed (with zero earnings) for the first period. In his second period in Toronto, he will earn YT. The interest rate at which money can be borrowed or invested is T.a. On a carefully labelled diagram, illustrate Grant's migration decision; that is, show his earnings paths as a function of time, depending on whether he lives in Newfoundland or Toronto. b. Show that he will move to Toronto if (YT - Y1) > (1+r) (Y) + M) What is the economic intuition underlying this result? How does an increase in the interest rate affect the migration decision? Why? c. As a potential labour economist, Grant realizes that he needs to have estimates of Yī and Y, in order to make a wise migration decision. He reads in the newspaper that average earnings of Newfoundlanders in Toronto are YT, while Newfoundlanders earn an average of Y, if they stay in Newfoundland. (Both magnitudes refer to second-period earnings) With specific reference to the result in part (b), discuss the potential error that Grant may make by using Y, and Y, as the basis of his estimate of the return to migration.
a) To illustrate Grant's migration decision on a carefully labeled diagram, plot time (Period 1 and Period 2) on the x-axis and earnings on the y-axis. Draw two lines: one for staying in Newfoundland (with constant earnings Y1 in both periods) and the other for moving to Toronto (with 0 earnings in the first period due to unemployment and moving cost M, and earnings YT in the second period).
b) Grant will move to Toronto if the present value of the difference in earnings in Toronto and Newfoundland is greater than the moving cost and opportunity cost of staying in Newfoundland. Mathematically, this can be expressed as (YT - Y1) > (1+r)(Y) + M.
The economic intuition behind this result is that Grant will choose to migrate if the potential increase in earnings in Toronto outweighs the costs associated with moving and the interest rate (opportunity cost) of staying in Newfoundland. An increase in the interest rate makes the opportunity cost of staying in Newfoundland higher, thus making it more attractive to move to Toronto if the potential increase in earnings remains the same.
c) Potential Error:
Grant may make an error by using the average earnings of Newfoundlanders in Toronto (YT) and Newfoundland (Y1) as the basis of his estimate of the return to migration. These average earnings may not accurately represent his potential earnings in each location due to differences in individual skills, job market conditions, or other factors that influence wages.
To make a wise migration decision, Grant should carefully consider his individual potential earnings in each location, as well as the costs associated with moving and the opportunity cost of staying in Newfoundland. By doing so, he can make a more informed decision that maximizes his lifetime earnings and overall well-being.
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12. The progressive income tax and transfer payments are the two main: A) automatic stabilizers. B) monetary policy tools. C) long-run aggregate supply management tools. D) tools for balancing the budget
The answer is A) automatic stabilizers. The progressive income tax and transfer payments are both tools used to automatically stabilize the economy during times of economic downturn.
The answer is A) automatic stabilizers. The progressive income tax and transfer payments are both tools used to automatically stabilize the economy during times of economic downturn. They work to maintain stable levels of income and spending by adjusting tax rates and providing financial assistance to those in need. These tools are not directly related to balancing the budget, but they do play a role in overall budget management as they impact government revenues and expenditures. It is important to consider these factors when creating a budget to ensure that appropriate levels of income and payments are accounted for.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
What do the phrases "made man" and "making of a man" mean in the context of the story?
In the context of a story, the phrase "made man" typically refers to someone who has achieved success or reached a high social status, often through hard work or connections.
This person has earned respect, power, or influence within their community or organization.
On the other hand, "making of a man" is a process where a male character undergoes personal growth, development, and maturation.
This transformation could involve facing challenges, learning life lessons, and developing virtues such as courage, wisdom, or empathy.
Both phrases emphasize the importance of personal achievement and growth, with "made man" focusing on the end result and "making of a man" highlighting the journey toward self-improvement.
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If your company's debts or damages are solely your responsibility you could be experiencing the disadvantage associated with owning a sole proprietorship called
If as a result of running a sole proprietorship, you have to bear the who responsibility of debt, this is called Unlimited liability.
What is unlimited liability?It means that should a company be unable to pay off its debts, the owner's assets can be targeted. It is a common property in sole proprietorships.Having unlimited liability can be quite dangerous to a sole proprietor because they could lose all their assets if they cannot afford to pay off debts.
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What is the reason behind why monopolies are allocatively inefficient? Their marginal cost and price are equal. Their marginal cost is higher than the price. O Their price at the profit-maximizing level of output is lower than average total cost. Their price at the profit-maximizing level of output is greater than marginal cost.
The reason behind why monopolies are allocatively inefficient is option D - their price at the profit-maximizing level of output is greater than marginal cost.
This means that monopolies charge a higher price than it costs them to produce an additional unit of output. This results in a deadweight loss, where the market demand is not fully met and some consumers are priced out of the market. This inefficiency occurs because monopolies have market power, allowing them to charge higher prices than in a perfectly competitive market. Additionally, monopolies may not have the same incentives to innovate and reduce costs as firms in a competitive market. This leads to a misallocation of resources, as the monopolist is producing less than the socially optimal level of output. As a result, monopolies are allocatively inefficient and can lead to a decrease in overall economic welfare.
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Culture, demand and competition impose saturation limits above which no amount of advertising spending can increase sales. True or false.
True that culture, demand, and competition impose saturation limits above which no amount of advertising spending can increase sales.
It is true that culture, demand, and competition impose saturation limits above which no amount of advertising spending can increase sales. Advertising can help increase brand awareness, familiarity, and preference among consumers, but there comes a point where the market becomes saturated, and additional advertising spending does not lead to significant increases in sales. The saturation limit may vary depending on the product or service, the industry, and the target audience. Therefore, it is crucial for businesses to understand their market and determine the optimal advertising budget to achieve their sales goals.
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identify and discuss SIX essential skills for developing a career in HR, or any other career path, explain how developing each of the identified skills can contribute to the success of an organisation
There are several essential skills that are crucial for developing a successful career in HR or any other career path. Here are six such skills and how they contribute to organizational success:
1. Communication skills: Communication is key in any career, and HR is no exception. Strong communication skills can help you build positive relationships with colleagues, clients, and stakeholders, which can ultimately lead to better outcomes for the organization.
2. Problem-solving skills: Problem-solving skills are essential for identifying and resolving workplace issues. By developing this skill, you can contribute to a more positive and productive work environment.
3. Time management skills: Effective time management can help you stay organized, prioritize tasks, and meet deadlines, which can increase your productivity and contribute to the success of the organization.
4. Leadership skills: As you progress in your career, leadership skills become increasingly important. These skills can help you motivate and inspire others to achieve their goals, which can lead to improved performance and greater success for the organization.
5. Analytical skills: The ability to analyze data and make informed decisions is critical in any career. By developing your analytical skills, you can help your organization make better decisions and improve its overall performance.
6. Adaptability: Finally, in today's rapidly changing work environment, adaptability is essential. By being adaptable and willing to embrace change, you can help your organization stay competitive and achieve long-term success.
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Tammy starts swim practice at 6:15 p.m. and finishes at 7:50 p.m. How long is her swim practice?
Answer:
1 hour and 35 minutes (95 minutes)
Explanation:
6:15-7:15 is 1 hour. Add 35 minutes to 7:15, and you get 7:50
what is financial economies of scale
Answer:
Financial economies of scale are a type of internal economy of scale. They are economies of scale enable more favourable rates of borrowing. That is, larger businesses are seen by lenders as more reliable or worthy of credit due to their size, whereas smaller businesses will tend to pay higher rates of interest.
Which of the following is not an example of a tax targeted toward nonresidents of a jurisdiction? Extra sales taxes hotels and motel stays Extra sales taxes on rental cars Extra income taxes on athletes (jock tax) Extra taxes on alcohol and cigarettes (sin taxes)
Extra income taxes on athletes (jock tax) is not an example of a tax targeted toward nonresidents of a jurisdiction.
The jock tax is a tax imposed on athletes or entertainers who earn income while performing in a specific jurisdiction, even if they are nonresidents of that jurisdiction.
It is a form of income tax that targets individuals who earn money from professional sports or entertainment activities within a particular jurisdiction.
The tax is typically based on the number of days spent in the jurisdiction and the income earned during that time.
While the other options listed (extra sales taxes on hotel and motel stays, extra sales taxes on rental cars, and extra taxes on alcohol and cigarettes) are examples of taxes targeted toward nonresidents, the jock tax is not specifically aimed at nonresidents. Instead, it applies to all athletes or entertainers who earn income within a jurisdiction, regardless of their residency status.
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The demand for financial capital increases when _________________ increases
The demand for financial capital increases when investment opportunities increase.
This is because businesses need financial capital in order to make investments and expand their operations. As more investment opportunities become available, the demand for financial capital also increases. This is a basic principle of economics, as businesses need financial capital in order to grow and take advantage of new opportunities.
In addition, the availability of financial capital can also impact the level of investment opportunities in an economy. If financial capital is scarce, businesses may not be able to access the funds necessary to take advantage of profitable opportunities, which could limit economic growth
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why is market development necessary ?
Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
Assume that by continuing your education, you increased your yearly
earning potential from $21,484 to $39,746. If the additional education
costs $36,000, in about how many years will it pay for itself?
Answer:
2 years
Explanation:
The increase in yearly earnings is
= $39,746 - $21,484
=$18,262
Every year, extra earning is $18,262
the cost of education is $36,000
It will take =$36,000/$18,262 years to repay
=1.971 years
=2 years
Question: By continuing my education I increased my earning potential from $21,484 to $39,746 a year. That's a difference of $18262 a year.
Answer: 1 year
Congress passes legislation that increases the federal minimum wage from $7. 25 to $9. 0. For firms that hire large quantities of unskilled labor this can be expected to cause ____ in the price of the goods and services they sell due to a shift of the __________ curve.
The federal minimum wage is raised by legislation passed by Congress from $7.25 to $9.0. Due to a shift in the supply curve, businesses that hire a lot of unskilled labor might anticipate an increase in the price of the goods and services they provide.
Supply: What Is It?In economics, supply is referred to as the total quantity of a particular good or service that a supplier makes available to customers at a particular time and price. Usually, market activity determines it.
A supplier might decide to raise their supply in response to rising demand, for instance.
The choices of suppliers are influenced by a variety of circumstances. The price of the in question product, the number of producers, the cost of inputs, technological improvements, the price of substitute products, and unpredictable events like the weather are among these variables.
A given good or service's supply is said to have changed when its producers or output of its suppliers change. A shift in supply could result from new technology, such as less expensive or more effective production techniques, or from an increase or decrease in the number of competitors in the market.
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Economists view the fact that Florida grows oranges, Texas pumps oil, and California makes wine as Oa. confirmation of the infant-industry argument. O b. confirmation of the virtues of free trade. O c. confirmation that specialization in absolute advantage works. O d. confirmation that free trade agreements are not necessary.
The fact that California produces wine, Texas produces oil, and Florida produces oranges is seen as evidence of the benefits of free trade by economists.
California is a state on the west coast of the United States. It is the third-largest state in terms of area and has the most residents in the US, with over 39.2 million people living there in a total area of around 163,696 square miles. It ranks as the 34th most populous subnational entity on the earth and is the most populous in North America. The Greater Los Angeles Area and the San Francisco Bay Area are the second and fifth most populated urban areas in the US, with over 18.7 million and over 9.6 million inhabitants, respectively. The second-most populous metropolis in the US and the most populous city in the state is Los Angeles, which has its headquarters in Sacramento.
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Can someone please help
A job is a paid position. While a career is a professional path that a person would undertake in a field to be a professional there.
What are the distinctions between the two?A job is a paid position of employment that typically requires a set of specific duties and responsibilities to be performed on a regular basis. To me, a job represents a way to earn a living and support oneself, as well as a way to gain experience and skills in a particular field. Getting a job often involves applying for open positions, completing interviews and meeting certain qualifications or requirements. A common way of finding a job is by looking for job openings on various websites, or by networking with people in the industry.
A career, on the other hand, is a longer-term pursuit of a professional path or occupation, often involving a progression of positions or roles within a particular field or industry. To me, a career represents a sense of purpose, growth and development, as well as a way to contribute to the society and make a meaningful impact. Building a career often involves setting goals, acquiring new skills, and working one's way up through the ranks of an organization or industry. A common way of building a career is by developing a professional network, taking on extra responsibilities, and continuously learning and growing.
The main difference between a job and a career is that a job is a temporary position, while a career is a longer-term pursuit. A job is more focused on the present and immediate needs, while a career is more focused on the future and long-term goals. A job may require only basic qualifications, while a career may require more advanced skills and education. A job is often viewed as a means to an end, while a career is often viewed as a calling or a vocation.
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if the output level is q2, then there will be multiple choice productive efficiency. maximum deadweight losses. minimum net producer surplus. greater marginal benefits than marginal costs of the product.
It will be productively efficient if the output level is q2. When an economy is producing goods and services for the least amount of money possible given the technology and resources available, this is called productive efficiency.
In this case option A is correct
When the economy is operating at its most productive and efficient level, it is generating the greatest amount of output with the fewest inputs or resources.
Regarding the additional choices mentioned in the query:
When there is a market failure, such as a tax or subsidy that widens the gap between the marginal social cost and the marginal private cost of production, maximum deadweight losses take place.
When buyers pay the marginal cost of production as their price, there is a minimum net producer surplus because producers make no money.
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The actual direct labor wage rate is 8.50 and 4,500 direct labor-hours were actually worked during the month. The standard direct labor wage rate is 8.00 and the standard quantity of hours allowed for the actual level of output was 5,000 direct labor-hours. What is the direct labor efficiency variance? a. 4,000 favorable b. 4,000 unfavorable c. 4,500 unfavorable d. 4,500 favorable
labor efficiency variance $4000 favorable
The formula for the labor efficiency variance is:
=(Actual hours - Standard hours) x Standard rate
=(4500 - 5000) x 8 = $4000 favourable
Variable overhead efficiency variance =
=Standard overhead rate x (Actual hours - Standard hours)
=Standard overhead rate x (4500 - 5000)
The employees might not have obtained written work instructions. blend. the usual assumes a sure mix of employees concerning exclusive talent levels, which does not suit the actual staffing. training.
The labor efficiency variance focuses on the number of exertion hours utilized in manufacturing. it is defined because of the difference between the real range of direct labor hours worked and budgeted direct labor hours that ought to have been labored based totally on the requirements.
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alright, anyone got any chocalate
Answer:
No, I don't really like chocolate.
Explanation:
Answer:
Yes.
Explanation:
But sadly I can't give them away.
#teamtrees #WAP (Water And Plant)
Transaction Analysis Template a. Paid $4,400 for six months of insurance, in advance. b. Paid $5,500 principal against a note payable. c. Received an invoice for advertising for the current month, $660. d. Paid dividends to stockholders, $33,000. Instructions Use negative signs with answers, when appropriate. If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row, followed by the decrease amount in the row directly
The transaction analysis template provides a structured way to analyze and record financial transactions in an organization.
The template consists of three columns representing the Assets, Liabilities, and Equity categories of the balance sheet, which are affected by each transaction. Each row under these categories represents the increase and decrease in the respective account.
In transaction (a), the company paid $4,400 for six months of insurance in advance. This results in an increase in Prepaid Insurance, an Asset account, and a decrease in Cash, a Liability account. Since the company paid in advance, it has not yet incurred the expense of insurance, but has instead prepaid for it.
In transaction (b), the company paid $5,500 towards the principal amount of a Note Payable, which is a Liability account. This results in a decrease in the Notes Payable account and a decrease in Cash.
In transaction (c), the company received an invoice for advertising in the current month for $660. This results in an increase in Advertising Expense, an Expense account under the Equity category, and an increase in Accounts Payable, a Liability account.
Lastly, in transaction (d), the company paid dividends to stockholders for a total of $33,000. This results in a decrease in Retained Earnings, an Equity account, and a decrease in Cash. However, since dividends are distributions of profits to stockholders, they are not considered an expense and do not affect the income statement.
Using this template allows for accurate recording and tracking of financial transactions, which is necessary for maintaining accurate financial statements and ensuring compliance with accounting standards and regulations.
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Your client's investment portfolio is 50% growth stocks, 10% foreign stocks, and 40% blue-chip stocks. If the client is interested in further diversification, which mutual fund would best meet that goal
In a Venn diagram, the separate circles contain characteristics unique to each item being compared and the intersection contains characteristics that are common to both items being compared. The following Venn diagram compares two career pathways in the Law, Public Safety, and Security career cluster.
Which correctly lists the titles of the Venn diagram?
Title 1 should be "Corrections," and Title 2 should be "Security and Protective Services."
Title 1 should be "Security and Protective Services," and Title 2 should be "Law Enforcement."
Title 1 should be "Corrections," and Title 2 should be "Legal Services."
Title 1 should be "Law Enforcement," and Title 2 should be "Legal Services."
Answer:
c
Explanation:
this is right if what i think if correct
Answer:
c
Explanation:
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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Which of the following is not a reason people choose to hold money balances?
A. Money holdings are good assets during periods of inflation.
B. Liquidity.
C. Reduced risk compared to other assets.
D. Having cash to pay for unplanned expenditures and emergencies.
C. Reduced risk compared to other assets.
the desire to hold money: the decision to keep your wealth in cash rather than invest it or use it to buy products and services or other financial assets.
What are the drawbacks of retaining money, please?Holding cash has the drawback of earning little to no interest. Why does a rise in interest rates result in a drop in the amount of money demanded? because their relationship is inverted.
when a person chooses to hold money rather than other assets?a loss of opportunity. An individual forfeits the interest that could have been generated by holding other sorts of assets when they choose to hold money instead of those other assets.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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5 (a) which legislation did congress pass to curb big business, and what were the goals of the legislation?
US Congress has passed several legislations to curb big business's power and promote fair competition.
Big business refers to large corporations that dominate the market and have a considerable influence on the economy.
The goal of the Sherman Antitrust Act was to ensure a level playing field for all businesses, prevent market domination by a few corporations, and protect consumers from inflated prices and poor quality products.
Another significant legislation to curb big business was the Clayton Antitrust Act of 1914, which expanded on the Sherman Antitrust Act's goals.
The Clayton Antitrust Act aimed to strengthen the regulation of monopolies and curb anti-competitive practices, such as price-fixing, exclusive dealing, and mergers that would lessen competition.
Additionally, the act prohibited companies from engaging in unfair trade practices, such as predatory pricing and tying contracts, which forced consumers to buy one product to get access to another.
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On january1, 1994, Joan sMITH BEGAN HER BUSINESS BY INVESTING 35,000 in cash in a checking account that
A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM
What is Accounting?This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert