An Agency That Occurs When a Principal and an Agent

question 63

Multiple Choice

An agency that occurs when a principal and an agent do not expressly create an agency, but it is inferred from the conduct of the parties is known as ________.

• A)apparent agency
• B)agency by ratification
• C)implied agency
• D)agency coupled with an interest

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Definitions:

Cash Flows

The aggregate value of cash entering and exiting a company, particularly influencing its liquid assets.

Statement Of Cash Flows

A financial statement that summarizes the cash inflows and outflows for a company, showing how its cash levels change over time.

Cash Inflows

The total amount of money being transferred into a business, typically from operations, investments, and financing activities.

Cash Outflows

Payments or expenditures made by a business, resulting in a decrease in cash holdings.