A Project Manager Is Releasing Resources and Archiving Documents

question 157

Multiple Choice

A project manager is releasing resources and archiving documents. Which of the following phases is the project MOST likely in?

• A) Initiation
• B) Planning
• C) Monitor and control
• D) Closing

Understand the concepts of express and implied ratification in agency law.

Grasp the mechanisms through which agency law stimulates business activity.

Identify the types of authority an agent can have and how it affects principal liability.

Comprehend the impact of actual and apparent authority in binding the principal.

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Definitions:

Partnership

A legal arrangement where two or more persons agree to manage and operate a business and share its profits or losses.

Written Agreement

A formal contract that outlines the terms and conditions of a particular arrangement, documented in writing.

Chain-style Business

A business model where multiple outlets of the same company offer the same product or service, typically under the same brand.

Franchisor

A business entity that grants the right to an individual or group to carry out commercial activities using its trademark and business model in exchange for a fee or royalty.