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An Agent Has Implied __________ Authority to Do Any Act

question 20

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An agent has implied __________ authority to do any act that usually accompanies the transaction for which the agent is authorized to act.


Definitions:

Acquiring New Businesses

The process of a company purchasing or merging with other companies to expand its operations, enter new markets, or gain competitive advantages.

Distribution Alliance

A partnership between companies to allow for the more efficient distribution and availability of products.

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed-upon objectives while remaining independent organizations.

Supplier Alliance

refers to a strategic partnership between a buying firm and its suppliers to improve product quality, reduce costs, and enhance innovation.

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