A Disclosed Principal Is a Principal Whose Identity Is

question 174

Multiple Choice

A disclosed principal is a principal whose identity is:

• A) known to the agent
• B) unknown to the agent
• C) unknown to third parties to contracts entered into with the agent
• D) known to partners
• E) none of the other choices

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Definitions:

Shared Meanings

Common understandings or interpretations among a group or culture about symbols, language, or behaviors, facilitating communication and cohesion.

Organizational Culture

The set of shared beliefs, values, norms, and practices that influences the behavior of members of an organization.

Management Philosophy

A belief system or set of principles that influence how an organization is managed and how it makes decisions.

External Adaptation

The process by which an organization adjusts its strategies, goals, and processes in response to changes in its external environment.