1. How is an agency relationship created?

2. What effect does a principal's representations giving apparent authority toan agent have on the principal's liability?

3. Describe some marketing, finance/accounting, R&D, and MIS activities that a small restaurant chain might undertake to expand in a neighboring state.

4. Explain why projected financial statement analysis is considered both a strategy formulation and a strategy implementation tool.

5. What effect is e-commerce having on firms' efforts to segment markets?