The Capacity to Be a Principal, and Thus to Act

question 2

True/False

The capacity to be a principal, and thus to act through an agent, depends on the capacity of the principal to do the act.

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Definitions:

External Environment

The external environment includes all outside factors and influences that impact the operation of a business, such as economic, social, political, and technological factors.

Data

Information, statistics, or facts collected for analysis, reference, or calculation, often used to make decisions or inform policy.

Decision Makers

Individuals or groups responsible for making choices that affect an organization's strategies and operations.

Organizational Planning

The process of identifying an organization's immediate and long-term objectives and formulating and monitoring specific strategies to achieve them.