Dolly Is a Businessperson Acting as an Agent for Elm

question 60

Multiple Choice

Dolly is a businessperson acting as an agent for Elm Woods, Inc. In an ordinary business situation, Dolly

• A) can contract on Elm's behalf without further authority or ratification.
• B) cannot contract on Elm's behalf.
• C) must obtain written authority to enter into a contract on Elm's behalf.
• D) must obtain ratification of a contract entered into on Elm's behalf.

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Definitions:

Group Characteristic

Attributes or qualities that define a group and differentiate it from other groups, including its structure, goals, norms, and roles within the group.

Managing for Diversity

Strategies and practices aimed at creating a respectful and inclusive workplace that leverages the unique backgrounds and perspectives of all employees.

Turnover

The rate at which employees leave a company and are replaced, which can indicate the organization's health and work environment.

Minority Group Members

Individuals who belong to a group that experiences a lesser degree of power, social prestige, or privilege compared to the dominant groups in a society.