Which of the Following Is True When a Person Wants

question 8

Multiple Choice

Which of the following is true when a person wants to ratify the unauthorized acts of an assumed agent? ​

• A)The one attempting to ratify must have been capable of authorizing the act at the time the act was done.
• B)The one attempting to ratify need not be capable of authorizing the act at the time approval of the act is given.
• C)It is permissible for the one attempting to ratify to approve part of the act and reject the rest.
• D)The ratification cannot be made before the third party has withdrawn from the transaction.

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Definitions:

Machine Hours

The total number of hours that machinery is operating during a certain period, often used in costing and operational efficiency analysis.

Oak Paneling

Decorative interior panels made from oak wood, often used in furniture, flooring, and wall covering.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on relevant cost drivers, aiding in more accurate product costing and pricing decisions.

Finishing Department

The finishing department is the final stage in the manufacturing process where goods receive their final touches or coatings before being sold.