Which of the Following Best Represents the Implications of Powerful

question 22

Multiple Choice

Which of the following best represents the implications of powerful transnational corporations?

• A) They increase the power of the state.
• B) They decrease the power of the state.
• C) They do not affect the power of the state.
• D) They lead to monopoly.

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Definitions:

Partially Disclosed Principal

A partially disclosed principal is a party in an agency relationship whose existence is known to a third party, but their identity is not revealed.

Undisclosed Principal

A person who directs another to deal with a third party without revealing their identity.

Durable Power

A legal document that grants someone the authority to act on another's behalf in legal and financial matters, which continues to be effective even if the grantor becomes incapacitated.

Power of Attorney

A legal document authorizing one person to act on behalf of another in legal, financial, or personal affairs.