Benchmarks May Be External Industry Standards, Standards Other Companies Set

question 59

True/False

Benchmarks may be external industry standards, standards other companies set, internally developed standards, or some combination of these.

Differentiate between expressed agency, implied agency, apparent agency, and agency by ratification.

Identify the roles and obligations within an agency relationship, including those of agents and principals.

Distinguish between different forms of authority (express, implied, and apparent) in establishing an agency relationship.

Understand the legal and practical distinctions between employees and independent contractors, including their different legal implications.