If a Corporation Acts Beyond Its Express and Implied Powers,the

question 101

Multiple Choice

If a corporation acts beyond its express and implied powers,the act is called a(n) ________ act.

• A)respondeat superior
• B)ultra vires
• C)res ipsa loquitur
• D)stare decisis
• E)res judicata

Apply strategic HR planning principles to align HR practices with organizational strategy.

Develop problem-solving and decision-making skills in the context of HR technology implementation.

Understand the concept of affirmative action and its impact on American society.

Analyze the emergence, objectives, and impacts of the antifeminist and feminist movements in the 1970s.

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Definitions:

Perfectly Elastic

This term describes a situation in market economics where the quantity demanded or supplied responds infinitely to changes in price.

Relatively Elastic

Describes a situation where the quantity demanded or supplied changes significantly in response to a change in price.

Unit Elastic

A demand or supply situation where a percentage change in price leads to an equal percentage change in the quantity demanded or supplied.

Market Period

A very short time frame in which the supply of a good is completely inelastic, meaning that the quantity cannot be changed in response to a change in price.