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In value chain analysis, value is measured by market value of the total stock outstanding of the company.
Real Principal
The actual entity or individual for whom an agent or representative acts, holding the ultimate authority and benefit in transactions or contracts.
Unauthorized Contract
An agreement that lacks the approval or authority from the necessary or legally required parties.
Implied Authority
Authority of an agent that is not explicitly stated but is assumed to be granted in order to perform duties related to a job or position.
Express Authority
Authority expressly given to an agent or representative, defined explicitly in words or writing.
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