A Corporation Is Liable for an Unauthorized Act of a Corporate

question 51

Multiple Choice

A corporation is liable for an unauthorized act of a corporate officer

• A) provided everything appears to be regular on its face.
• B) especially where he acts outside his normal and usual authority.
• C) provided it is not expressly prohibited in the charter.
• D) especially when a contracting third party has read or knows of the restriction.
• E) even if the third party notes suspicious circumstances.

Understand the role of exports in a country's GDP.

Identify the short-term benefits of protectionism for domestic producers.

Recognize the impact of economies of scale on trade benefits.

Understand the variety of goods and services trade brings to a country.

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Definitions:

Performance Motivation

The drive to achieve and excel in activities, especially when under evaluation or in competitive contexts.

Mastery

The comprehensive knowledge or skill in a subject or accomplishment, resulting in a high level of competence or proficiency.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Internality

A personality trait that involves attributing success and failure to one's own efforts and abilities.