An agency occurs when one person
A) has authority to act on behalf of another.
B) acts on behalf of his or her own sole proprietorship.
C) has authority to act in nonlegally binding ways for another.
D) All of the above.
Correct Answer:
Verified
Q10: Agency can be used in
A) partnerships.
B) corporations.
C)
Q11: Liquidation is the process of
A) reducing assets
Q12: A de jure corporation has made
A) good
Q13: Limited partners must have
A) less than 50
Q14: Inherent authority allows the agent to exceed
Q16: A business that ends automatically with a
Q17: Sole proprietorships can be
A) sold.
B) inherited.
C) granted
Q18: A sole proprietorship is a business owned
Q19: A bankruptcy filing by a business requires
A)
Q20: Corporations
A) may be owned by one or
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