Examlex
If the average cost of a product is $10 per unit and the price is $5, the firm is losing money.
Agency by Ratification
A situation where actions taken by a person who is not officially an agent are approved and accepted by the principal after the fact, thereby creating an agency relationship.
Affirms
To declare something to be true, confirm, or ratify, especially in a legal context.
Scope of Authority
The range or extent of power given to an individual or entity to act on behalf of another or make decisions.
Unsafe Situations
Conditions or scenarios that pose a risk of injury or harm to people, property, or the environment.
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