Suppose Bob Owns Two Factories That Are Located Several Hundred

question 34

Multiple Choice

Suppose Bob owns two factories that are located several hundred miles apart. Bob decides to manage one of the plants himself, and he hires another person to manage the second plant. For purposes of operating the second plant, who is the agent and who is principal?

• A) Bob is the agent and the manager is the principal.
• B) Bob is the principal and the manager is Bob's agent.
• C) Both Bob and the manager are principals.
• D) We need more information to determine the identities of the principal and the agent in this case.

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Definitions:

Conflict Perspective

A sociological approach that focuses on the tensions, struggles, and conflicts between different social groups, emphasizing power imbalances and inequality.

American Dream

A national ethos of the United States emphasizing freedom, opportunity, and success for all, regardless of social class or circumstances of birth.

Educational Unequally

Disparities in academic opportunities and outcomes between different groups, often based on socioeconomic status, race, gender, or geography.

Affirmative Action

Policies and practices designed to address historical inequalities and discrimination by providing opportunities to underrepresented groups.