Examlex
Compare the behaviors of William Aramony with those of Dennis Kozlowski. Are there signals these CEOs send with their behaviors?
Authorized
Officially given permission or power to do something.
Actual Authority
The express and implied powers granted by a principal to an agent to act on the principal’s behalf.
Apparent Authority
The appearance or assumption of authority based on the actions or words of the principal, which a third party reasonably believes the agent has.
Implied Authority
Authority of an agent that is not expressly granted but rather implied by the actions, situation, or responsibilities given to the agent.
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