Which of the Following Is True Regarding Situations in Which

question 57

Multiple Choice

Which of the following is true regarding situations in which an agent enters into a contract without authority?

• A) The principal is not bound nor is the agent bound.
• B) The principal is bound and the agent may be personally liable.
• C) The principal is not bound, but the agent may personally liable.
• D) Neither the principal nor the agent is bound if the contract is oral; but if the contract is written, both the principal and agent are bound.

Understand and calculate the mean of a probability distribution.

Understand and calculate the expected number of occurrences in a given time frame or sample size.

Understand and calculate the standard deviation of a probability distribution.

Understand and apply the concept of independent events in probability.

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Definitions:

Process Consultation

An OD method that helps managers and employees improve the processes that are used in organizations.

Organization Development

A planned effort to increase an organization's effectiveness and viability through interventions in its processes and structures.

Social Science Theory

A framework of ideas and concepts that helps explain human behavior and societal interactions.

Reciprocal Relationship

A mutual relationship in which two or more entities influence or affect each other's development or behavior.