An Agent Can Exercise His Implied Authority When

question 32

Multiple Choice

An agent can exercise his implied authority when:

• A) third persons believe that authority exists because past actions of the agent were ratified by the principal.
• B) the agent is a special agent and not a general agent.
• C) the principal's property interests need to be protected by the agent during an emergency.
• D) the principal does not grant the agent any powers.

Recognize the potential for diagnostic criteria to contribute to assumptions and biases about individuals.

Identify challenges and suggest solutions for refining the DSM system to reduce biases and inaccuracies.

Understand the role and development of the Research Domain Criteria by the National Institute of Mental Health.

Identify different types of tissues and their roles in the human body.

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, including taxes and costs, have been subtracted from revenues.

Indirect Method

The indirect method is a way of calculating cash flows from operating activities for the cash flow statement by starting with net income and adjusting for changes in balance sheet accounts.

Liquidity

The simplicity of turning an asset into cash without impacting its market value.

Cash Flows From Operations

The net amount of cash generated or used by a company in its operational activities during a specific period.