Which of the Following Is Another Name for an Apparent

question 57

Multiple Choice

Which of the following is another name for an apparent agency?

• A)Expressed agency
• B)Equitable agency
• C)Implied agency
• D)Agency by estoppel
• E)Agency by ratification

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Definitions:

Incentive To Cheat

The motivation or reason that drives individuals or organizations to break rules, norms, or agreements in order to gain an unfair advantage or benefit.

Oligopolists

Firms or entities that are part of an oligopoly, a market structure characterized by a small number of large firms dominating the market, leading to limited competition.

Non-collusive Oligopoly

A market structure where a small number of firms compete independently, without agreements or collusion between them.

Diagram

A visual representation that outlines, explains, or clarifies complex data or relationships using symbols, icons, lines, and texts.