An Agency Is Created When an Agent Agrees to Act

question 86

Multiple Choice

An agency is created when an agent agrees to act for, or in place of, the:

• A) third party
• B) principal
• C) shareholder
• D) attorney
• E) representative

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Definitions:

GEO

Stands for Geographic Information System, a framework for gathering, managing, and analyzing data related to positions on Earth's surface.

LEO

Stands for Low Earth Orbit, which is an orbit relatively close to Earth's surface where satellites can provide communication or remote sensing services.

MEO

Medium Earth Orbit, a designation for the orbit of satellites that reside in an orbit roughly between 2,000 and 35,786 kilometers above the Earth's surface.

Calibrated Instrument

A calibrated instrument is a device that has been tested and adjusted to ensure its accuracy and reliability in measurement, according to specified standards.