A Person Who Is Delegated the Authority to Act Only

question 18

Multiple Choice

A person who is delegated the authority to act only in a particular kind of transaction, under definite instructions, and with specific limits on the scope of his or her authority, is called a:

• A) general agent.
• B) hired agent.
• C) special agent.
• D) super-agent.

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Definitions:

Research And Development Stage

A phase in product development focusing on experimentation, exploration, and innovation to create new products or improve existing ones.

Venture Growth

This describes the expansion and scaling process of a new business endeavor, focusing on increasing size, revenue, and market presence.

Entrepreneurial Leaders

Individuals who combine the vision and innovation of an entrepreneur with leadership skills to develop, organize, and manage a business.

Good Performance

The achievement of a set of standards or goals, often measured by productivity, efficiency, and quality, in any given task or job.