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Provide a Short Answer to Each of These Questions

question 42

Essay

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Explain why the emergence of large corporations in the late 19th century helped shift society's view away from the classical economic view.


Definitions:

Principal's Communications

Messages or directives from the principal (in a principal-agent relationship) that guide the agent's actions on behalf of the principal.

Express Authority

The power or permission that is explicitly granted to an individual or entity by way of spoken or written words.

Subsequent Ratification

The act of officially approving or confirming a decision or agreement after it has already been made or implemented.

Principal's Identity

Information that discloses or specifies who the principal (the party for whom an agent acts) is in an agency relationship.

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