Asked by jayla houser on Jul 25, 2024
Verified
Thomas is named "office manager" by Bigger Co. ,but his precise duties are not described.What type of authority would authorize Thomas to purchase office supplies?
A) Express authority
B) Implied authority
C) Apparent authority
D) Operation of law authority
Implied Authority
The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an organization, even if not explicitly granted.
Express Authority
An agent’s authority that the principal voluntarily and specifically sets forth as oral or written instructions in an agency agreement.
Apparent Authority
A situation where a reasonable person would understand that an agent had the power to act on behalf of a principal, even if the agent did not have actual authority.
- Grasp different types of authority agents can hold and how these authorities influence business operations.
Verified Answer
Learning Objectives
- Grasp different types of authority agents can hold and how these authorities influence business operations.
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