Ratification May Relate to Acts That Have Exceeded the Authority

question 18

True/False

Ratification may relate to acts that have exceeded the authority granted to an agent.

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Definitions:

Production Focus

A strategy that emphasizes efficient production processes and operations to minimize costs and optimize productivity and output.

Market Focus

Market focus refers to a strategic orientation where a business channels its efforts and resources towards serving a particular market segment or niche effectively.

Sales Orientation

A business approach that prioritizes selling as many products or services as possible, often without a specific focus on customer needs or product quality.

Specific Needs

Particular requirements or desires of an individual or entity.