Distinguish between actual, apparent and implied authority.
Question:
Distinguish between actual, apparent and implied authority.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Actual authority is given directly to the agent by the principal either ex...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Distinguish between an agents actual, implied, and apparent authority. Explain why this distinction can be important from the agents point of view.
-
Distinguish between responsibility, authority, and accountability. Which flow upward and which flow downward?
-
Distinguish between responsibility and authority, and provide examples to support your distinctions.
-
For students in the United States, compare Medicaid coverage in your state with coverage afforded to recipients in a neighboring state. Are they the same? If not, why do you think that they differ?
-
Refer to the 2012 Annual Report (for the fiscal year ended February 3, 2013) for The Home Depot, Inc., in Appendix A. 1. Locate the consolidated statements of earnings. Using vertical analysis, what...
-
These exercises investigate the relationship between polynomial functions and their average rates of change. For example, the average rate of change of f(x) = x 2 from x to x + 0.001 for any x can be...
-
You stop to rest while climbing a vertical \(10-\mathrm{m}\) pole. With the origin at the level of your head and with the positive \(x\) direction upward, as shown in Figure P2.43, what are (a) the...
-
Linda Ellis, division manager, is evaluated and rewarded on the basis of budgetary performance. Linda, her assistants, and the plant managers are all eligible to receive a bonus if actual divisional...
-
Zupee as an organization stands for maximum impact to maximum people. We believe that a nuanced understanding of the human condition is the fulcrum that can enhance lifo as we know it by moving the...
-
1.3 Determine the force P necessary for the equilibrium of a steel bar shown in Fig. 1.69. The diameters of the first, middle and the last segments of the bar are 30 mm, 25 mm and 30 mm respectively....
-
With respect to duties owed by an agent to his principal, which of the following statements is false with regard to agency law? a. Generally, an agent may not delegate his authority without the...
-
Joe had worked for Sams Manufacturing Company for ten years when Sam came up to him one day because he lost a major contract, he had no work for him to do, and he was fired as of that time. Explain...
-
The owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He has also recorded data on potentially relevant variables. The data are listed in the file...
-
3. For the pendulum system below: a. Find the equation of motion for the system for large amplitude oscillations. b. Find the two equilibrium positions and indicate which is stable and which is not....
-
For the following statements, circle "T" for true and "F" for false: 1. Competitiveness means how effectively an organization meets the wants and needs of customers relative to others that offer...
-
on 2.The figure below displays the phase diagram. Identify all phase reactions that can happen (Show detailed analysis) [6] Temperature (C) 1400 1200 1000 800 600 R 5+1 20 a+p 40 4 4 42 40 7+1 7+ B...
-
To find a position vector between two arbitrary points. As shown, two cables connect three points. C is below A by a distance C = 2.30 ft and connected to A by a cable 12.1 ft long. Cable AC forms an...
-
3. What is the maximum energy transfer that a 1 MeV neutron can transfer in an elastic scattering event to an atom in the solid if this atom is (i) H, (ii) C-12, (iii) Fe-56 and (iv) U-238?
-
What are financial markets? What function do they perform? How would an economy be worse off without them?
-
4. Jobe dy -Y 2 et by
-
In your own words, explain what customer equity means and why it is important.
-
Distinguish between a strategy, a marketing plan, and a marketing program, illustra t ing for a local retailer.
-
Outline a marketing strategy for each of the following new products: ( a ) a radically new design for a toothbrush, ( b ) a new fishing reel, ( c ) a new wonder drug, and ( d ) a new indu s trial...
-
Two vectors are given by a = 3.0 +5.0 and b = 2.0 + 4.0. Find (a) a xb, (b) a. b, c) (a + b). b, and (d) the component of a along the direction of b.
-
Consider two parallel wires, each carrying an identical current I in the same direction. The moving charges create magnetic fields, and react to each other's magnetic fields, causing the wires to...
Study smarter with the SolutionInn App