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Figure 11-1
-Given the network in Figure 11-1,the time to complete those activities on the critical path is expected to be
Principal
In a contractual or fiduciary relationship, the principal is the party who authorizes an agent to act on their behalf.
Authority
The power or right to give orders, make decisions, and enforce obedience.
Agency Relationship
A connection between two parties where one, the agent, is authorized to act on behalf of the other, the principal, in dealings with third parties.
Rescission
The termination of a contract.
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