An Agency That Occurs When a Principal and an Agent

question 69

Multiple Choice

An agency that occurs when a principal and an agent do not expressly create an agency but is inferred from the conduct of the parties is known as a(n) ________.

• A) apparent agency
• B) agency by ratification
• C) implied agency
• D) agency coupled with an interest

Understand the importance of self-analysis and goal setting in the job search process.

Acknowledge cultural differences and their impact on communication.

Emphasize the importance of clear, active voice and audience-oriented writing in business messages.

Understand the criteria for endorsement by political action committees and their impact on elections.

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Definitions:

Potential Acquirer

An individual or organization with the capability and interest to purchase or take over another company.

Compensation System

A structured plan designed to provide employees with various forms of reward in return for their labor, including salary, wages, bonuses, and benefits.

Loss of Productivity

A decrease in the efficiency of production or the level of output of goods and services, often due to factors such as poor management, inadequate resources, or disruptions.

Reapply

The act of applying again or anew, often with the intention of achieving a different or improved outcome.