Strategic Business Units

question 235

Multiple Choice

Strategic business units:

• A) Are not treated as separate profit centers.
• B) Are organizational units within a larger company.
• C) Should receive an equal amount of attention and resources.
• D) Should never be dropped or sold.
• E) None of the above.

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Definitions:

Undisclosed Principal

A principal whose existence is not known by a third party. That is, the third party does not know an agent is acting on behalf of a principal.

Personal Service

The delivery of legal documents directly to a person to inform them of legal proceedings or obligations, ensuring they are aware and can respond accordingly.

Apparent Authority

The appearance or assumption of authority based on the actions of the principal, leading others to believe that an agent has the power to act on behalf of the principal.

Actual Authority

The express and implied powers granted to an agent by the principal.