Which of the Following Is a Document That Gives an Agent

question 37

Multiple Choice

Which of the following is a document that gives an agent authority to sign legal documents on behalf of the principal?

• A) Order of authority
• B) Power of order
• C) Legal empowerment
• D) Power of attorney
• E) Respondeat superior

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income.

Perpetual Inventory System

A procedural method in inventory accounting that directly records every inventory sale or purchase with the aid of computerized point-of-sale systems and enterprise asset management software.

Sales Tax

A tax on sales or on the receipts from sales.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, often due to a return or overcharge.