Kari Is Thinking About Majoring in Economics

question 30

Short Answer

Kari is thinking about majoring in economics. She is in the process of researching the various jobs that economics majors hold and trying to figure out which of those jobs actually required the person to have majored in economics. This puts her in the ______________________ step of the IDEAS process.

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Definitions:

General Rule

A principle or guideline that applies broadly or is commonly accepted as a basis for decision-making.

Implied Authority

The power assumed to be held by an agent as it is necessary to carry out his or her express authority.

Apparent Authority

The perception created by the actions of a principal, leading third parties to believe that an agent has authority to act on behalf of the principal.

Warranties

Legally binding guarantees provided by a seller to a buyer, assuring that a product or service meets certain quality and performance standards.