An ________ is an agency that occurs when a principal and an agent do not expressly create an agency, but it is inferred from the conduct of the parties.

A. apparent agency
B. acknowledged agency
C. exclusive agency
D. implied agency


Answer: D

Business

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Promoters are not agents of the corporation prior to its incorporation.

Answer the following statement true (T) or false (F)

Business

According to ______, there are motivational consequences if people experience an imbalance in which the ratio of their inputs to outcomes is perceived to be unfair compared to what other people receive.

A. process theory B. content theory C. expectancy theory D. equity theory

Business

An American fast-food company popping up in Hong Kong is an example of which concept below?

a. Sovereignization b. Nationalization c. Internationalization d. Globalization

Business

Court decisions: A) Interpret statutes

B) Cannot undermine the effects of statutes. C) Can be part of the common law. D) Both a and c

Business