Question: 9. A written document appointing an agent is a a. power of attorney. b. collective bargaining agreement. c. fiduciary. d. lien. 10. The obligation of
9. A written document appointing an agent is a
| a. | power of attorney. |
| b. | collective bargaining agreement. |
| c. | fiduciary. |
| d. | lien. |
10. The obligation of a principal to pay an agent for expenses incurred by the agent while performing work for the principal is known as
| a. | repayment. |
| b. | indemnification. |
| c. | recovery. |
| d. | reimbursement. |
15. An agents scope of authority generally includes
| a. | implied authority. |
| b. | apparent authority. |
| c. | express authority. |
| d. | all of these. |
16. The type of business organization formed most easily is the
| a. | limited liability company. |
| b. | sole proprietorship. |
| c. | limited partnership. |
| d. | partnership. |
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