Apparent Authority May Arise in All but Which of the Following

question 10

Multiple Choice

Apparent authority may arise in all but which of the following ways?

• A) The acts are customary of an agent in similar positions in an organization.
• B) The principal has acquiesced to prior similar transactions between the agent and the third party.
• C) The agent shows the third party a power of attorney from the principal authorizing the agent to enter such a transaction.
• D) An agent tells the third person she has the authority to transact such business on behalf of the principal.

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Definitions:

E-commerce Start-up

A business that is initiated on the internet selling goods, services, or both to consumers, operating primarily in the digital ecosystem.

World Economic Forum

An international organization for public-private cooperation that engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

Public-private Cooperation

Collaborative partnerships between government entities and private sector companies aimed at achieving mutual goals.

Gender Equality

The state of equal access to resources and opportunities regardless of gender, including economic participation and decision-making.