Which of the Following Functions Would Be Implied Authority for an Apartment

question 132

Multiple Choice

Which of the following functions would be implied authority for an apartment manager?

• A)selling the apartment complex
• B)selling the apartments' appliances
• C)collecting rent from the tenants
• D)All of the above would be included in implied authority.

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Definitions:

Medium Of Exchange

is anything widely accepted as a means for payment of goods and services, facilitating trade by avoiding the limitations of barter.

Economic Efficiency

A state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Fiat Money

Money that is recognized as legal tender by a government, though it lacks backing by any tangible asset.

Fundamental

A basic, underlying factor or principle that is essential to the structure or function of a system or market.