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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