In a Business Organization,a Recorded Event Having to Do with Routine

question 52

Multiple Choice

In a business organization,a recorded event having to do with routine business activities is a ________.

• A) model
• B) transaction
• C) operation
• D) contract

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Definitions:

Agency Laws

Regulations that govern the relationship between an agent, who acts on behalf of another, and the principal, for whom the agent acts.

Employee

A person legally contracted to work for another in return for financial or other compensation, under certain conditions of employment.

Employer-Employee Relationship

A legal and professional relationship between an employer and their employee, characterized by the exchange of labor for compensation, under agreed conditions.

Agents

Individuals or entities authorized to act on behalf of others (principals) in contractual matters or negotiations, creating legal relationships.