Examlex
Which of the following is not a characteristic of the Anglo-American model of financial accounting and its regulation?
Express Authority
The power explicitly given to an agent or employee to act on behalf of a principle or employer.
Implied Authority
A form of authorization assumed to be given by a principal to an agent as part of the agent's role, even if not explicitly stated.
Excessive Force
The application of an amount and/or frequency of force greater than that required to comply with law enforcement or legal requirements.
Privileged
Refers to having special rights, advantages, or immunities that are not available to everyone.
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