Marcus Is an Agent for Leo and Marcus Is Authorized

question 59

Multiple Choice

Marcus is an agent for Leo and Marcus is authorized to buy a car for Leo.Marcus discloses to all car dealers that he is acting on Leo's behalf to buy the car.Leo is a(n) ________.

• A)Authorized principal
• B)Express principal
• C)Implied principal
• D)Disclosed principal

Discuss the limitations and appropriate contexts for the use of distance delivery formats and multimedia in presentations.

Grasp the role of preparation, team coordination, and business etiquette in successful presentations.

Comprehend effective concluding techniques and the role of feedback in presentations.

Acknowledge different communication objectives depending on the stage of a crisis and the importance of customizing presentations for specific audiences.

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Definitions:

Effective-interest

Another term for the effective interest method, emphasizing the allocation of interest over the life of financial instruments like bonds.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, paid as interest on debt such as loans, bonds, or lines of credit.

Convertible Bonds

Bonds that may be converted to other securities of the issuer (usually common stock).

Bondholder

An individual or entity that owns a bond issued by a borrower, entitling them to receive interest payments and the return of principal.