If an agency agreement is created after-the-fact, it would be done by:
a. escheat
b. ratification
c. estoppel
d. replevin or distraint
Answer: b. ratification
You might also like to view...
What is the most likely disadvantage of direct investment for an investing company?
A) weak relationships with local distributors B) minimal investment control C) product standardization requirements D) devalued currency risks E) excessive freight charges
The upper management of a toy company has decided that more divisions would be useful. They decided that one-year-olds have different needs than two-year-olds, so they created a division for each age
They also decided that people in the northern part of the state have different needs than the people in the central part of the state and the southern part of the state, so they created three more divisions. Lastly, they decided that because they serve schools, daycares, families with many kids, and families with few kids, they needed four more divisions. How would an expert on organizational structures MOST LIKELY rate this strategy? A) Poor; operating that many divisions will drastically increase operation costs. B) Poor; divisions never work and lead to motivation problems amongst the employees. C) Excellent; customer service will be flawless and on target. D) Excellent; competition between divisions for resources will incite passion amongst the employees.