Which of the Following Statements Is True About the Power

question 63

Multiple Choice

Which of the following statements is true about the power of attorney?

• A) For business purposes, an agent's authority is determined by customs, circumstances, and the facts of a situation rather than a written or oral agreement.
• B) It permits a principal to deny that someone is the principal's agent after leading a third party to believe that the person is an agent.
• C) It is formed when an unauthorized act of an agent is accepted by a principal.
• D) It gives an agent the authority to sign legal documents on behalf of a principal.

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Definitions:

Risk Breakdown Structure

A hierarchical framework that categorizes project risks into levels of detail, from broad categories to specific issues.

Proactive Project Managers

Project managers who anticipate potential issues and initiate actions to prevent problems or minimize their impact on the project timeline and deliverables.

Inadequacy of Resources

A situation where the available resources are insufficient to meet the needs or demands of a project or operation.

Environmental Complexity

The degree of diversity and unpredictability in an organization's external environment, which can impact its operations and strategy.