Courts Generally Allow Agents to Do All but Which of the Following

question 12

Multiple Choice

Courts generally allow agents to do all but which of the following?

• A) receive payments of money due the principal
• B) enter into contracts for incidentals
• C) employ or discharge employees
• D) enter into a contract for an illegal purpose, so long as the subject matter of the contract is legal

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Definitions:

Performance Goals

Specific objectives set for employees or departments, aimed at improving productivity and measuring success through quantifiable benchmarks.

Variable Cost Systems

An approach to costing that involves tracking and analyzing variable costs directly associated with production, often used for internal decision-making.

Standards

Established norms or criteria in various fields that define the expected or agreed levels of quality, achievement, or production.

Product Costs

The three components of manufacturing cost: direct materials, direct labor, and factory overhead costs.