Which of the Following Is True of an Undisclosed Agency

question 75

Multiple Choice

Which of the following is true of an undisclosed agency?

• A)The third party has no knowledge of the agency.
• B)The third party knows the agent, not the principal.
• C)All transactions with the third party are made by the principal without involving the agent.
• D)Transactions under such an agency are considered unlawful.

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Definitions:

Distribution Network

The interconnected group of storage facilities and transportation systems that move goods from producers to consumers.

High Profitability

A situation where businesses or investments return a significantly higher profit relative to their costs.

Customer Service

The support and assistance provided by a company to those who purchase or use its products or services, aiming to ensure customer satisfaction.

Outbound Transportation Costs

Expenses related to the shipping of finished goods from the manufacturer or warehouse to the end user or customer.