Which of These Is Not a Threat from Globalisation

question 13

Multiple Choice

Which of these is not a threat from globalisation?

• A)The increasing use of English as the language of business
• B)Freer movement of goods.
• C)Companies expanding out of their home markets.
• D)The internet.
• E)None of these
• F)All of these

Analyze the legal repercussions of an agent's unauthorized actions and the potential liability for both agent and principal.

Explain the rights and obligations within the principal-agent relationship, including recourse available when agreements are breached.

Delineate the scope and limits of an agent's authority and the principal's liability in relation to it.

Identify the various types of authority (actual, implied, and apparent) and how they influence the principal-agent relationship.

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Definitions:

Deposit Ticket

This is a document that accompanies a bank deposit, listing the amounts of cash and checks being deposited and their respective details.

Negotiable Instrument

A document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the payer specified on the document.

Endorsement

Signing one's name on the back of a check or other document, authorizing its transfer or acceptance, or the act of publicly supporting a product, service, or candidate.

Cash Receipts

The collection of money, including coins, notes, and electronic payments, received by a business during a given period.