Examlex
One distinction between manufacturing and services that affects scheduling is that services have difficulty creating inventories to buffer against demand uncertainties.
Apparent Authority
The appearance or impression given by the actions of a person that they have the authority to act on behalf of another or an entity, leading others to reasonably believe such authority exists.
Express Agency
A relationship where the agent is explicitly given the authority to act on behalf of the principal, often through a written or verbal agreement.
Obligation
An obligation, either ethical or legal, to take a certain action or to avoid taking a particular action.
Terminates
Marks the end or conclusion of something, such as a contract, agreement, or employment.
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