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What does the standard organizational chart show? In your answer,point out the functions needed for a successful business.
Impossible
A term used to describe a task or condition that cannot realistically be fulfilled or achieved.
Agency Relationship
A legal arrangement in which one party, the agent, acts on behalf of another party, the principal, in conducting transactions with third parties.
Bind
To legally obligate oneself or another party to an agreement or contract.
Principal
The main party to a transaction or contract, or the amount of money on which interest is paid or received.
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