An Agency by Ratification Results When a Principal Approves an Unauthorized

question 40

True/False

An agency by ratification results when a principal approves an unauthorized act performed by an agent.

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Definitions:

Midpoint

The value exactly in the middle of a range, or the average of two numbers.

Hours Worked

The total time period that an employee spends performing tasks or duties for an employer during a given timeframe.

Statistics Students

Individuals who are engaged in learning about statistical methods, theories, and applications, often with the goal of applying this knowledge in various scientific, industrial, or social contexts.

Relative Frequency

A measure of the proportion of all observations within a dataset that fall within a particular category or range of values.