Which of the Following Agents Would Not Have Authority to Contract

question 76

Multiple Choice

Which of the following agents would not have authority to contract with third parties on behalf of the principal?

• A) A salesman who sells his employer's goods.
• B) A manager who hires employees for the store owner.
• C) A factory worker hired to operate a machine.
• D) A buyer who regularly buys merchandise for a store.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Confidence Coefficient

The probability level associated with a confidence interval, indicating the degree of certainty that the parameter lies within the interval.

Population Distribution

The spread of characteristics or variables across all members of a defined group or population.

Confidence Interval

A range of values, derived from sample statistics, that is believed, with a certain level of confidence, to contain the population parameter of interest.