Examlex

Solved

Yoshiko Is the Manager of the Accounting Department

question 126

Multiple Choice

Yoshiko is the manager of the accounting department.She has an assistant manager who reports to her.Six supervisors also report to her from other divisions.The supervisors have three subordinates each.Yoshiko has a span of management of


Definitions:

Apparent Authority

A form of authority that a third party reasonably believes an agent has due to the actions of the principal, even if the agent does not have actual authority.

General Sales Agent

An individual or company authorized to sell or distribute a manufacturer's products in a specific area or market.

Express or Implied Authority

Power granted by a principal to an agent, which can be explicitly stated (express) or inferred from actions, circumstances, or job title (implied).

Disclosed Principal

In the realm of agency law, a principal whose identity the third party is aware of when the agent enters into a contract with that third party.

Related Questions