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Suppose a researcher discovered a strong negative correlation between the length of people's hair and the amount of money they paid for their automobile. In general, people who paid the least amount of money for their automobile also had
Account
A record summarizing the financial transactions pertaining to a specific period or purpose, such as savings or checking in a bank.
Agency by Ratification
A situation where actions taken by a person who is not officially an agent are approved and accepted by the principal after the fact, thereby creating an agency relationship.
Affirms
To declare something to be true, confirm, or ratify, especially in a legal context.
Scope of Authority
The range or extent of power given to an individual or entity to act on behalf of another or make decisions.
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