Which of the following statements is true about apparent authority?
A. If the agent justifiably believed he or she had authority, this authority would be apparent.
B. Only a general agent can have apparent authority.
C. If a third party justifiably believed the agent had authority, the agent's authority would be apparent.
D. Only a special agent can have apparent authority.
Answer: C
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Venus Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of June, Venus completed Job 13C and its details are as follows:
What is the total cost incurred for Job 13C?
A) $27,632
B) $24,000
C) $10,360
D) $30,360
The lot tolerance proportion defective (LTPD) is the customer's desired level of quality
Indicate whether the statement is true or false
Frank is doing some life insurance planning. A financial advisor said, "be sure to consider Social Security when examining sources of funds available for family support if you die."
The financial advisor was referring to which Social Security benefit? A) retirement benefits B) survivor benefits C) disability benefits D) health insurance benefits
Product design includes both tangible products and intangible services.
a. True b. False