A Principal Gives an Agent Express Authority to "Do What

question 119

Multiple Choice

A principal gives an agent express authority to "do what it takes to get my car running right." The authority that the agent has to enter into contracts for the purchase of auto parts is:

• A) apparent authority
• B) authority by estoppel.
• C) inherent authority.
• D) express authority.
• E) implied authority.

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing at par, typically within a year.

Beta

A measure of a stock's volatility in relation to the overall market, indicating the stock's risk compared to that of the average market risk.

Risk Level

The degree of uncertainty or potential financial loss inherent in an investment decision.

Standard Deviation

An indicator of the degree of spread or diversity within a collection of numbers.