Which of the Following Results in Liability for the Principal

question 23

Multiple Choice

Which of the following results in liability for the principal because the principal approved of an unauthorized agent's signature?

• A) Ratification
• B) Authorization
• C) Acknowledgement
• D) Pre-approval
• E) Post-approval

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Definitions:

Sales Promotions

Short-term incentives offered by businesses to encourage the purchase or sale of a product or service, such as discounts, coupons, or special offers.

Cause-Related Marketing

A marketing strategy where a company partners with a non-profit organization or supports a social cause, linking its products or services to social or environmental issues.

Social Activist Marketing

A marketing strategy that aligns a brand with social causes to generate goodwill and societal impact.

Voluntary Premium Pricing

A pricing strategy where consumers are offered the option to pay more than the standard price for goods or services, often for charitable reasons or to support a good cause.