A Principal May Designate Someone to Execute All Transactions Connected

question 162

True/False

A principal may designate someone to execute all transactions connected with running a business. Such a person is known as a special agent.

---

Definitions:

Unemployment

The situation when individuals who are capable of working and willing to work are unable to find employment.

Economic Resource

Resources utilized in creating goods and services, including land, labor, capital, and entrepreneurship.

Business Checking Account

A bank account designed for business transactions, allowing companies to easily manage their cash flow, pay bills, and deposit earnings.

Production Possibilities Curve

A graph that shows the various combinations of outputs that an economy can possibly produce, given the available factors of production and technology.