Agency Can Be Created

question 10

Multiple Choice

Agency can be created

• A) by express conduct.
• B) by implied conduct.
• C) after the party acts on behalf of another.
• D) All of the above.

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Definitions:

Equivalent Units

A concept used in cost accounting to express the amount of work done on incomplete products in terms of fully completed units of output.

Molding Department

A specialized department in a manufacturing facility where molding processes, such as injection molding, are carried out to form parts or products.

Equivalent Units

A concept used in cost accounting to express the amount of work done on partially finished goods in terms of fully finished goods.

Fabrication Department

A specialized sector within a manufacturing facility where goods are constructed or assembled.