For an Agent's Implied Authority to Be Effective, a Principal

question 16

True/False

For an agent's implied authority to be effective, a principal must confirm it in writing.

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Definitions:

Key Resources

The essential assets required for a business or project to operate successfully, including physical, intellectual, human, and financial resources.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public institutions.

Customer Segments

Distinct groups of people or organizations that a business aims to reach and serve, identified by specific needs, behaviors, demographics, or other attributes.

Business Model Canvas

A strategic management tool that allows companies to document, discuss, and develop their business models through nine key components.