Smith,an Agent,buys and Sells Used Computer Equipment on Behalf of New

question 4

Multiple Choice

Smith,an agent,buys and sells used computer equipment on behalf of New Life Technologies,Inc.In the absence of an agreement,which of the following tasks may Smith delegate to Elizabeth?

• A)The authority to buy and sell used computer equipment
• B)Keeping a record of transactions Smith undertakes on behalf of New Life
• C)The authority to estimate the fair market value of used computer equipment
• D)The authority to fix the selling price of used computer equipment

---

Definitions:

Cultural Superstructure

A concept in Marxist theory describing the cultural, ideological, and institutional structures built upon the economic base of society.

Marx

A philosopher, economist, and social scientist known for his critical analysis of capitalism and his theories concerning class struggle, historical materialism, and the labor theory of value.

Dialectics

A method of argument or inquiry that involves a dialogue between contrasting ideas or theories to arrive at a higher truth or synthesis.

Totality

In critical theory, refers to the analysis of society as a whole, including its various interrelated components, rather than focusing on isolated parts.