For a Principal to Ratify the Actions of an Agent

question 29

True/False

For a principal to ratify the actions of an agent, all that is necessary is that the principal express the intention to ratify.

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Definitions:

Company's Position

The place a company occupies in the marketplace in relation to its competitors.

Institutional Advertising

A form of advertising aimed at creating a favorable image for a company or organization rather than promoting individual products or services.

Public Relations

The strategic communication process that builds mutually beneficial relationships between organizations and their publics.

Adverse Publicity

Negative media coverage or public attention that can potentially harm an organization's reputation or financial standing.