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NEW QUESTION: 1
A. Option F
B. Option A
C. Option E
D. Option C
E. Option B
F. Option D
Answer: E
NEW QUESTION: 2
The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe job description authority and is contained in a written formal statement such as an employment contract is?
A. Implied authority
B. Apparent authority
C. Expressed authority
D. Actual authority
Answer: C
Explanation:
The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe job description authority and is contained in a written formal statement such as an employment contract is expressed authority. Authority intentionally granted by the principal to the agent is referred to as actual authority. The type of authority used to describe an authority that is implied by law to enable the agent to carry out the express authority granted by the principal is implied authority. Apparent authority is a type of authority created in an agency when a principal permits an individual to operate in a fashion that makes third parties believe the individual is an authorized agent of the principal.
NEW QUESTION: 3
A. Option A
B. Option C
C. Option D
D. Option B
Answer: B
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