Caterina Valente Is Given a Job as a Buyer in a Department

question 85

Multiple Choice

Caterina Valente is given a job as a buyer in a department store. While nothing is specifically said to Caterina, a buyer normally has authority to act as agent for the business. What is this type of authority called?

• A)Express
• B)Silent
• C)By necessity
• D)Apparent
• E)By estoppel

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Definitions:

Functional Department

A specialized unit within an organization focusing on a specific function or area, like marketing or finance.

Product Team

A group of professionals working together to develop, manage, and deliver a product or service.

Functional Departmentation

Organizing an entity's structure based on different functions such as marketing, finance, and operations to improve efficiency.

Large Firms

Large Firms refers to corporations or businesses that operate on a significant scale, characterized by a vast number of employees, large market share, or high revenue.