Which of the Following Statements About Farm Cooperatives Is Most

question 206

Multiple Choice

Which of the following statements about farm cooperatives is most accurate? Farm cooperatives have:

• A) declined in importance in recent years.
• B) become a major force in American agriculture.
• C) run afoul of U.S. antitrust laws in recent years.
• D) increased in number, but decreased in size in recent years.

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Definitions:

Tort Case

A legal case involving a civil wrong that causes harm or loss, leading to legal liability for the person who commits the tortious act.

Principal

The primary party involved in a transaction or agreement, often responsible for the overall terms and conditions.

Agent

An individual or entity authorized to act on behalf of another person or entity in business transactions or legal matters.

Express Authority

The power explicitly given to an agent or employee to act on behalf of a principle or employer.