Ask Question
BusinessBusiness
28 October, 03:36

An agent is authorized to act on behalf of a principal in doing business with third parties. True False

+3
Answers (1)
  1. 28 October, 03:50
    0
    The statement is: True.

    Explanation:

    In making business relationships, an agent acts as a third party that is legally authorized to establish businesses for one of the entities involved. The entity that uses the agent as an intermediary is called the principal. The agent must follow the principal's instructions avoiding to be biased by self-interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An agent is authorized to act on behalf of a principal in doing business with third parties. True False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose that flu shots create a positive externality equal to $8 per shot. Further suppose that the government offers a $6-per-shot subsidy to producers.
Answers (1)
Net income computed under absorption costing will be: higher than net income under variable costing when units produced are greater than units sold. higher than net income under variable costing when units produced are less than units sold.
Answers (1)
Three factors contribute to spoiled meat after game is harvested. one of these factors is:
Answers (1)
A lado of financial literacy can cause you to lose your
Answers (1)
In the Assembly Department of Concord Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were as follows.
Answers (1)
New Questions in Business
The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues of $402,000 and expenses of $351,000, and the company declared and paid dividends of $11,200.
Answers (1)
Which of the following refers to the acquisition of goods in one country and the selling of them to buyers in another country? a. Cartel b. Joint venture c. Trading company d. Outsourcing
Answers (1)
1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.
Answers (1)
Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.
Answers (1)
Transfer payments are not included in gdp calculation because these are
Answers (1)
Home » Business » An agent is authorized to act on behalf of a principal in doing business with third parties. True False
Sign Up Forgot Password?