Solve the Problem. -Find the Odds Against Correctly Guessing the Answer to a Answer

question 85

Multiple Choice

Solve the problem.
-Find the odds against correctly guessing the answer to a multiple choice question with 7 possible answers.

• A)7 : 1
• B)6 : 7
• C)6 : 1
• D)7 : 6

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Definitions:

General Sales Agent

An individual or company authorized to sell or distribute a manufacturer's products in a specific area or market.

Express or Implied Authority

Power granted by a principal to an agent, which can be explicitly stated (express) or inferred from actions, circumstances, or job title (implied).

Disclosed Principal

In the realm of agency law, a principal whose identity the third party is aware of when the agent enters into a contract with that third party.

Unauthorized Contract

An agreement made by someone who does not have the legal right or power to do so on behalf of another person or entity.