Informational Ads, Particularly Those with Specific Information, Have Been Found

question 197

Multiple Choice

Informational ads, particularly those with specific information, have been found to be interesting, convincing, and

• A) inexpensive.
• B) humorous.
• C) expensive.
• D) effective.
• E) competitive.

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Definitions:

Implied Agency

A form of agency relationship created by actions of the parties involved rather than a written agreement, suggesting one party can act on behalf of another.

Express Agency

An agency relationship created by an explicit written or oral agreement between the agent and the principal.

Exclusive Agency

A contractual arrangement in which one agent is given the exclusive right to represent a client or a property, typically in the sale of real estate or intellectual property.

Agency Contract

An agreement where one party (the agent) agrees to act on behalf of another (the principal) in business transactions.