Corporate Authority That Is Not Expressed but Is Understood to Exist

question 3

Multiple Choice

Corporate authority that is not expressed but is understood to exist is called ___________.

• A) express corporate authority
• B) statutory corporate authority
• C) implied corporate authority
• D) documented corporate authority

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Definitions:

Employees' Work Years

A measure of the total number of years of service contributed by all employees in an organization.

Employees' Retirement Years

The number of years an employee has contributed or will contribute to their retirement plan until retirement.

Paid Absence

Compensation provided to employees for periods they are not at work, such as vacation, sick leave, or holidays.

Vacation Time

Vacation time is the period an employee is allowed to be away from work for rest or leisure, which is typically compensated and agreed upon by the employer.