The Term Functional Silos Refers To

question 18

Multiple Choice

The term functional silos refers to:

• A) product storage for physical supply.
• B) the noncommunication between customers and vendors.
• C) a technique to secure corporate marketing strategies.
• D) lack of coordination between departments.

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Definitions:

Apparent Authority

A situation where a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority.

Personal Liability

The legal obligation of an individual to bear the cost of damages or losses themselves, rather than the liability being absorbed by an entity or insurance.

Agency Relationship

A fiduciary relationship in which one party (the agent) agrees to act on behalf of another party (the principal).

Ratify

To formally approve or confirm, often used in the context of treaties, agreements, or legislation.