When an Agent's Authority Arises from Custom in the Industry

question 7

Multiple Choice

When an agent's authority arises from custom in the industry, it is identified as

• A) implied authority.
• B) ostensible authority.
• C) customary authority.
• D) conventional authority.

---

Definitions:

P-Value

A measure that indicates the probability of observing the given data, or something more extreme, if the null hypothesis is true.

Contingency Table

A table often used in statistics to display frequencies for two or more categorical variables in a tabular form.

Qualitative Variables

Variables that describe or categorize attributes or qualities, not numbers.

Multinomial Experiment

An experiment or process that has more than two possible outcomes, where each outcome has a fixed probability of occurring.