Apparent authority may be based on which of the following?
a. Only words of the principal or acts of the principal.
b. Only words of the principal or knowledge that the principal has allowed its agent to engage in certain activities on its behalf over an extended period of time.
c. Words of the principal, acts of the principal, or knowledge that the principal has allowed its agent to engage in certain activities on its behalf over an extended period of time.
d. Express contractual authority only.
c
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Indicate whether the statement is true or false
An uncertificated security is one whose ownership is recorded only on the books of the issuer
Indicate whether the statement is true or false
Which of the following statements is true of the concentrated organizational structures of non-U.S. firms?
A. The concentrated organizational structures of non-U.S. firms permit managers to focus more on short-term earnings. B. The concentrated organizational structures of non-U.S. firms result in restricted access to credit in times of financial difficulty. C. The concentrated organizational structures of non-U.S. firms make it difficult to change managers. D. The concentrated organizational structures of non-U.S. firms reduce the managerial focus on wealth maximization. E. The concentrated organizational structures of non-U.S. firms result from the universal banking relationships that exist outside the United States.
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