An Agent May Have Apparent Authority to Act on Behalf

question 14

Multiple Choice

An agent may have apparent authority to act on behalf of the principal:

• A)even in the absence of actual authority.
• B)even if the third party did not know they were an agent.
• C)even in the absence of a 'holding out' by the principal.
• D)even if the third party knew the agent had no authority.

Calculate the impact of leverage on a firm's cost of capital.

Analyze how debt-equity ratio influences a firm's financial strategy and cost of capital.

Determine the weighted average cost of capital (WACC) for firms with various capital structures.

Evaluate the effects of taxes on a firm's cost of capital calculations.

---

Definitions:

Pittsburgh Pirates

A professional baseball team based in Pittsburgh, Pennsylvania, known for competing in Major League Baseball (MLB) as a member of the National League (NL) Central division.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Case Study

A research method involving an up-close, in-depth, and detailed examination of a particular case within a real-world context.

Reliable

The quality of being consistently good in performance, accuracy, or dependability.