Which of the following is a condition for an agency by ratification to be effective?
A) A principal must give prior authorization to an agent.
B) A principal should lead a third party to believe that an individual is his or her agent.
C) The existence of a principal must be clear to a third party at the time of an agent's unauthorized act.
D) An agent must carry an authorization letter that establishes that he or she is the principal's agent.
C
Business
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Acceptance sampling is an inspection procedure used to determine whether to accept or reject a specific quantity of material
Indicate whether the statement is true or false
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Seasonal buildups of inventory and receivables are generally financed with ________
A) short-term loans B) long-term loans C) retained earnings D) stockholders' equity
Business