Efficiency and Equity Are Synonymous

question 128

True/False

Efficiency and equity are synonymous.

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Definitions:

Representative Capacity

This refers to acting on behalf of another person or entity in a legal or official capacity, such as an attorney representing a client.

Authority

The authority to command, decide, and ensure compliance.

Custom

A traditional and widely accepted way of behaving or doing something specific to a particular society, place, or time.

Apparent Authority

The appearance or assumption of authority given to an agent, employee, or representative by the actions or statements of the principal, leading third parties to believe the agent has such authority.