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LenKa [72]
1 year ago
8

What is a form of implied agency relationship created by the actions of the parties involved rather than by written agreement?

Business
1 answer:
NARA [144]1 year ago
3 0

Ostensible agency is a form of implied agency relationship created by the actions of the parties involved rather than by written agreement.

Given that the implied agency relationship is created by the actions of the parties involved rather than by written agreement.

We are required to give the name of such implied relationship that is created by the actions of the parties involved rather than by written agreement.

The “ostensible agent” is basically one where the principal has intentionally or inadvertently induced third persons to believe that such person was its agent although no actual or express authority was conferred on him as agent. In this kind of relationship the agent has been given authority to act on the behalf of other.

Hence ostensible agency is a form of implied agency relationship created by the actions of the parties involved rather than by written agreement.

Learn more about agent at brainly.com/question/7284696

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Consider an economy that produces only DVDs and DVD players. Last year, 10th DVDs were sold at $20 each and 5 DVD players were s
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Real GDP this year using last year as the base year is

B) $700

Explanation:

  • Last year, 10th DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is  $700.
  • Gross Domestic Product (GDP) is the monetary value of all finished goods and services made in a country during a specific period of time.
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8 0
4 years ago
Identify and explain two reasons why effective communication within a business is important to the management​
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Answer:

Why effective communication within a business is important to the management?

In order to attain your objectives, it is critical to communicate well during negotiations. Within the business, communication is also crucial. Effective communication can aid in the development of a positive working connection between you and your employees, which can enhance morale and productivity.

Explanation:

It Builds and Maintains Relationships: Positive interactions with people help to form and maintain relationships. Communication will be crucial in this process; without it, it would be difficult to build and maintain fruitful partnerships. Communication is an important component of any relationship. Two people cannot be friends until they begin to communicate with one another. A supervisor-underling relationship is similar, in that the boss should be able to explain how to do his job to a new office worker.

It Facilitates Innovation: Collaboration and innovation inside the unit or organisation can be improved when employees feel free to express themselves. Employees, for example, will be able to share their ideas on how to improve a company process. Furthermore, if employees are unable to communicate their ideas owing to a lack of communication skills, the idea is unlikely to be fully implemented.

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2 years ago
On June 30, Nance Company receives a $5,000, 90-day, 4% note from a customer as payment on her account. How much interest will b
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Answer:

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5000 x 4% x 90/360 = 50$

5 0
2 years ago
Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:
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Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning retained earnings = $300,000

Income tax expense  = $60,000

Ending retained earnings = $320,000

Cash dividends declared = $80,000

Net income:

= Increase in Retained Earnings + Dividend Declared

= (Ending Retained Earnings - Beginning Retained Earnings) + Dividend Declared

= ($320,000 - $300,000) + $80,000

= $20,000 + $80,000

= $100,000

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