Examlex
A panel of division managers evaluating a supervisor's potential for advancement in the organization is an example of _____.
Law of Agency
A legal principle governing the relationship between a principal and their agent, where the agent is authorized to act on behalf of the principal in contractual or business transactions.
Apparent Authority
A situation where a person appears to have the authority to act on behalf of an organization, leading others to reasonably believe they have such power.
Implied Authority
The power assumed by a person that is reasonably necessary to carry out his or her expressed powers.
Reasonable Opportunity
A circumstance or condition that allows for a fair and plausible chance to pursue an action, achieve a goal, or resolve a problem, based on logical or practical considerations.
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