Examlex
Which of the following types of structure entails a second chain of command?
Building Contractors
are professionals involved in the planning, leading, execution, supervision, and inspection of a building construction process.
Exclusive Agency Contract
A contractual agreement where one party grants another party the exclusive rights to act on their behalf, typically used in real estate and talent management.
Implied Authority
This refers to the power of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization’s agency agreement, even if not explicitly granted.
Duty of Accounting
The obligation of a party (usually a fiduciary) to keep accurate records and report financial activity to relevant stakeholders or authorities.
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