Learning Curves Are

question 75

Multiple Choice

Learning curves are:

• A) the same for all products but different for different organizations.
• B) the same for all organizations but different for different products.
• C) the same for all organizations and all products.
• D) different for different organizations and different products.
• E) appropriate in services but not in manufacturing.

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Definitions:

Apparent Authority

The appearance or assumption of authority based on the actions or words of the principal, which a third party reasonably believes the agent has.

Implied Authority

Authority of an agent that is not expressly granted but rather implied by the actions, situation, or responsibilities given to the agent.

Implied Ratification

The act of accepting or endorsing a previously unauthorized action or agreement through behavior that implies approval, rather than through explicit consent.

Agent's Act

Refers to actions taken by an agent on behalf of a principal, where the agent has the authority to affect the principal's legal position.