What Are the Two Types of Authority an Agent Can

question 74

Multiple Choice

What are the two types of authority an agent can have to make the principal liable on a contract made by the agent?

• A)Actual and apparent authority
• B)Actual and ratification authority
• C)Apparent and ratification authority
• D)Ratification and estoppel authority

Identify factors leading to a loss of intellectual capital and their impacts on organizations.

Recognize and differentiate between organizational citizenship behaviors and counterproductive work behaviors.

Understand the role and significance of corporate social responsibility within organizations.

Comprehend the concept and components of High-Performance Work Practices (HPWP) and their relevance in leveraging human capital.

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Definitions:

Preemption Doctrine

The principle that federal law can supersede or override state law in areas expressly reserved for federal regulation or where there is a conflict.

Sales Tax

A tax imposed by governments on sales transactions, typically calculated as a percentage of the sale price of goods and services.

Internet Transactions

Commercial operations carried out online, including buying, selling, and the exchange of services or information.

Congress

The law-making division of the United States federal government, which includes the Senate and the House of Representatives.