The scope of authority and power held by an agency is called.

power of attorney.

Explanation:

The scope of an agent's authority is typically set forth in a legal instrument, such as a power of attorney. ... Apparent authority, also known as "authority by estoppel," exists when a principal intentionally or negligently allows a third party to believe that an agent has actual authority.

i think it can have both positive and negative effects on businesses.

for example:

lets say you own a small business and taxes go up 4% that means it is going to cost your business more money to buy product to sell. but at the same time you make more money from the tax rise.

that is my theory.

answer:

i would say c. campus style

explanation: