Calculate the Total Number of Retailers Interacting with 120 Manufacturers

question 52

Multiple Choice

Calculate the total number of retailers interacting with 120 manufacturers if 10 transactions are made per year.The total number of transactions is 15 million transactions per year.

• A)7,900
• B)4,800
• C)12,500
• D)16,500
• E)22,000

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Definitions:

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts, including the ability to sue and be sued, own property, and engage in other legal activities.

Unauthorized Acts

Actions taken by an individual or entity without legal or official approval, which may be illegal or against regulatory standards.

Undisclosed Principal

In agency law, a principal whom a third party lacks knowledge or the reason to know the principal’s existence and identity.

Unidentified Principal

In agency law, a principal whom a third party knows or has reason to know exists but who lacks knowledge or reason to know the principal’s identity.