An Agent Has Implied __________ Authority to Do Any Act

question 20

Multiple Choice

An agent has implied __________ authority to do any act that usually accompanies the transaction for which the agent is authorized to act.

• A) express
• B) apparent
• C) customary
• D) incidental

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Definitions:

Private Saving

The portion of households' income that is not consumed or paid in taxes, and is instead saved for future use.

Macroeconomist

An economist who focuses on broad issues such as inflation, unemployment, and national economic growth.

Paint Sprayer

A device commonly used in the application of paint, varnish, or other surface coatings, designed to distribute these substances evenly and efficiently over surfaces.

Car Customizing

The process of modifying or personalizing a car to enhance its performance, appearance, or comfort, reflecting the owner's preferences.