The Great Recession Began in _________ and Ended in _________

question 140

Multiple Choice

The Great Recession began in _________ and ended in _________.

• A) 2007/2010
• B) 2003/2004
• C) 2000/2002
• D) 1999/2005

---

Definitions:

Ratification

The act of officially approving an agreement or treaty, often by a vote or other formal decision.

Real Authority

The actual power given to an agent or representative to act on behalf of another person or entity in legal or business matters.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principle, leading a third party to believe that an agent has the authority to act.

Sole Proprietorship

A Sole Proprietorship is a type of business entity that is owned and run by one individual, with no distinction between the business and the owner, making the owner personally liable for the debts of the business.