An Agency Relationship Can Arise by Ratification, Which Involves a Determination

question 46

True/False

An agency relationship can arise by ratification, which involves a determination of intent expressed by words or conduct.

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Definitions:

Mission

A statement or assignment that outlines the purpose or goal of an organization, project, or individual, providing direction and motivation.

Bruce Tuckman

A psychologist known for his theory of group development, which outlines the stages of forming, storming, norming, performing, and adjourning in team dynamics.

Forming Stage

The initial phase of team development where members meet and start to form relationships and understand their tasks.

Interpersonal Relations

The interaction and communication that occur between individuals within various contexts, influencing social bonding and dynamics.