Which Department Tracks Strategic Financial Issues, Including Money, Banking, Credit

question 172

Multiple Choice

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

• A)sales
• B)operations management
• C)accounting
• D)finance

---

Definitions:

Apparent Authority

A form of authority that an agent appears to have to a third party because of the behavior or statements of the principal, even if the actual authority was not granted.

Actual Notice

Knowledge of a fact acquired directly through firsthand experience or communication, not through inference or assumption.

Breach of Contract

The violation of a contractual obligation without valid legal excuse, which may result in legal consequences including the right to damages or enforcement of performance.

Unidentified Principal

Refers to a scenario in agency relationships where the identity of the principal is unknown to the third party at the time of the transaction.