Name the two basic types of authority with regard to agents and explain the difference between them
The two basic types of authority are actual and apparent. Actual authority exists when the principal gives actual consent to the agent. It may be either express or implied. Apparent authority is based upon acts or conduct of the principal which leads a third person to believe that the agent has actual authority, upon which belief the third person justifiably relies. In either case, such authority is binding and confers upon the agent the power and right to create or affect the principal's legal relations with third parties.
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________ is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
A. Marketing B. Economics C. Finance D. Accounting E. Manufacturing
[The following information applies to the questions displayed below.]Aztec Industries produces bread which goes through two operations, mixing and baking, before it is ready to be packaged. Next year's expected costs and activities are shown below. MixingBakingDirect labor hours 400,000DLH 80,000DLHMachine hours 800,000MH 800,000MHOverhead costs$600,000 $400,000 Compute Aztec's departmental overhead rate for the baking department based on direct labor hours.
A. $5.00 per DLH B. $0.75 per DLH C. $2.08 per DLH D. $0.50 per DLH E. $1.50 per DLH
The Sarbanes-Oxley Act includes rules on
A. auditor retention. B. auditor reporting. C. auditor reliability. D. auditor rotation.
The amount you must pay on your medical bills each year before your health insurance goes into effect is called the co-pay.
Answer the following statement true (T) or false (F)