Which of the Following Type of Agency Exists When a Third

question 29

Multiple Choice

Which of the following type of agency exists when a third party reasonably believes,on the basis of the principal's actions,that an agency relationship exists between the principal and another individual?

• A)Express
• B)Implied
• C)Actual
• D)Statutory
• E)Apparent

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Definitions:

Edgar Schein

A notable American organizational psychologist known for his contributions to the understanding of organizational culture, leadership, and career dynamics.

Peter Drucker

An Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation.

Interpersonal Sensitivity

The ability to perceive and understand the emotions and thoughts of others, enhancing communication and relationships in personal and professional settings.

Communication

The act of exchanging or transmitting information, ideas, or feelings between individuals through spoken words, writings, or other mediums.