Which of the Following Is the Most Common Form of Agency

question 49

Multiple Choice

Which of the following is the most common form of agency?

• A)Implied agency
• B)Endorsement
• C)Expressed agency
• D)Ratification
• E)Apparent agency

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Definitions:

Entrepreneurial Process

The series of stages and steps taken by entrepreneurs to conceive, launch, and grow a new business, involving idea generation, planning, and execution.

Driving Forces

Key factors or influences that propel or motivate actions, changes, or developments within an organization, industry, or individual's life.

Timing

Refers to the ability to choose or the choice of the best moment to act or make a decision based on strategic considerations such as market conditions.

Entrepreneurial Process

The sequence of steps and stages that entrepreneurs follow to bring a new business idea to fruition, from conception through to launch and growth.