The Effective and Efficient Use of Information Allows Organizations to Either

question 9

True/False

The effective and efficient use of information allows organizations to either reduce costs or improve customer satisfaction.

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Definitions:

Implied Authority

Powers not expressly stated but assumed to be granted in order for an individual to carry out duties effectively.

Apparent Authority

A situation where a third party reasonably believes an individual has the authority to act on behalf of another (such as an employer), even if that person does not have actual authority.

Ratified

An agreement or decision that has been formally approved and confirmed by the required parties.

Actual Authority

The express and implied powers given by a principal to an agent to enter into contracts or take action on the principal's behalf.