An Agency That Occurs When a Principal and an Agent

question 69

Multiple Choice

An agency that occurs when a principal and an agent do not expressly create an agency but is inferred from the conduct of the parties is known as a(n) ________.

• A) apparent agency
• B) agency by ratification
• C) implied agency
• D) agency coupled with an interest

---

Definitions:

Visibility

Visibility in the context of a business refers to how easily and clearly a company's actions, decisions, or products are seen and understood by its stakeholders.

Centrality

Describes the importance, prominence, or influence of a certain role or department within an organization, affecting how critical their operations are to the overall goals.

Networking

The act of building and maintaining professional relationships that can provide support, opportunities, and resources.

Visibility

The extent to which an individual's or group's work, contributions, or status is recognized and noticed by others, particularly by higher management.