Star Inc Has Restricted Its Budget for Developing New Products to to $20,000

question 11

Multiple Choice

Star Inc. has restricted its budget for developing new products to $20,000. It automatically vetoes a proposed product if the product scores poorly on the factor of budget during the screening process. In this case, such a factor is known as a _____ factor.

• A) Level Four
• B) surrogate
• C) culling
• D) groupware

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Definitions:

Exceeded Authority

Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.

Apparent Authority

A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.

Disclosed Principal

A situation in a business arrangement where the identity of the principal is known to all parties involved in the transaction.

Ratifies

To officially approve or confirm an action, agreement, or decision, making it valid and legally binding.