If a Store Owner Places Joe as Manager and Gives

question 33

Multiple Choice

If a store owner places Joe as manager and gives him a special nametag, customers may assume that Joe has ______ for the owner in that respect.

• A) apparent authority
• B) ratification powers
• C) special agency
• D) universal agency

---

Definitions:

Long-term Sales

Transactions or sales contracts that are expected to be fulfilled over an extended period of time.

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums, contributing to a company's overhead.

Special Orders

Orders that are outside the normal scope of products or services offered by a business, often requiring special pricing, terms, or conditions.

Absorption Costing

An accounting method that includes all of the direct and indirect manufacturing costs in the cost of a product.