When the Government Dictates What Organizations Can and Cannot Do,what

question 79

Multiple Choice

When the government dictates what organizations can and cannot do,what tactic is the government using?

• A) Social responsibility
• B) Taxation
• C) Stakeholder support
• D) Regulation
• E) Socialism

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Definitions:

Lawful Purpose

Involves activities or objectives that are not illegal or prohibited by law, often a prerequisite in contract law to ensure that the contract’s intent complies with legal standards.

Agency Relationship

A legal relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in legal or business dealings.

Specific Power

Authority granted to an individual or body to carry out specific actions in a designated context or situation.

Agency Agreement

A legal contract creating a fiduciary relationship which empowers an agent to act on behalf of a principal in transactions.