Apparent Authority

question 12

Multiple Choice

Apparent authority:

• A)depends on an agent's own statements about her authority.
• B)depends on the principal's manifestations to the third party.
• C)Both of the above.
• D)confers on the agent or supposed agent the power to bind a disclosed, unidentified, or undisclosed principal.

Recognize the primary features and structures within groups, including power and communication structures.

Explain the concept of group cohesiveness and its implications for group dynamics.

Understand the impact of group discussion on decision-making and opinion formation.

Differentiate between stereotypes, prejudice, and discrimination and understand their psychological basis.

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Definitions:

Amount Incorrectly

A term relating to a numerical value or sum that has been calculated, reported, or entered wrongly.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.

Chart of Accounts

An organized list of all accounts in an entity’s financial system, used for classifying transactions.

Numbering System

A structured method for assigning unique identifiers to items to facilitate organization, tracking, and retrieval.