Examlex
To test the product concept of a new idea, the R&D department of a firm can develop a prototype that will excite consumers and can be produced quickly at budgeted costs.
Walt Disney Productions
Walt Disney Productions is a historic name for The Walt Disney Company, an American diversified multinational entertainment and media conglomerate known for its film studio and theme parks.
Ratification
The official approval of a contract or agreement, making it valid and enforceable.
Exceeded Authority
Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.
Apparent Authority
A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.
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