Which one of the following statements is TRUE?
a. In an agency relationship, the agent delegates authority to the principal.
b. An agency relationship is when someone hires someone else to perform a service and gives them decision-making authority.
c. An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.
d. An agency relationship is when a principal works for an agent.
e. An agency relationship is when an agent hires a principal to perform a service.

Question

15-06-2024
Business

Answered

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Which one of the following statements is TRUE?
a. In an agency relationship, the agent delegates authority to the principal.
b. An agency relationship is when someone hires someone else to perform a service and gives them decision-making authority.
c. An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.
d. An agency relationship is when a principal works for an agent.
e. An agency relationship is when an agent hires a principal to perform a service.

Sagot :

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