An Agency Relationship Can Be Created By

question 56

Multiple Choice

An agency relationship can be created by:

• A)Apparent authority
• B)Estoppel
• C)Ratification
• D)Actual authority
• E)All of the above

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Definitions:

Deferred Payment Incentive

A compensation structure where part of an individual's or entity's payment is postponed to a future date, often used as an incentive or reward.

Short-term Profit

Profits earned over a short period of time, typically a quarter or a year, reflecting the immediate financial health of a company.

Long-term Profits

Profits generated over an extended period, indicating the sustainability and viability of a company's business model.

SVA

Stands for Shareholder Value Added, which is a measure used to evaluate a company's ability to generate wealth for its shareholders beyond the required rate of return on their investment.