Your _________ Is an Online Repository for the Documentation That

question 7

Multiple Choice

Your _________ is an online repository for the documentation that backs-up and details the specifics of your business and business plan.The contents of which are very similar to those of the 3-ring binder personal edition of the plan held and used by the founder.

• A) data room
• B) proof-of-concept website
• C) pitch deck
• D) invention plan

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Definitions:

Implied Authority

The power assumed by an individual as part of their role or position, enabling them to perform tasks or make decisions inherent to their duties.

Express Authority

The power granted to an agent explicitly by the principal, typically through direct, clear instructions.

Principal's Express Statements

Direct and clear statements made by a principal (the person who has given authority to another, the agent, to act on their behalf) regarding their intentions, instructions, or policies.

Express Ratification

The explicit approval or confirmation of a previously unauthorized act or agreement.