Which of the Following Is a Duty Owed by a Principal

question 4

Multiple Choice

Which of the following is a duty owed by a principal in an agency relationship?

• A) reimburse the agent for out-of-pocket expenses
• B) fiduciary duty to uphold the trust placed by the agent
• C) retroactively acknowledge authority of agents
• D) ratify all contracts within prescribed time limits

Recognize the most cost-effective sales forecasting options for firms.

Grasp the limitations of target costing and percentage of sales method in marketing budget planning.

Comprehend the sequential nature of marketing planning activities including forecasting, budgeting, objective setting, and marketing mix development.

Analyze the disadvantages associated with using market tests for sales forecasting.

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Definitions:

Comma Usage

The rules governing the use of commas in written language to separate elements, clarify meaning, or indicate pauses.

Comma Usage

The application of commas in writing, serving to clarify meaning, indicate pauses, or separate elements within sentences.

Hard Work

Applying great effort, diligence, and persistence in doing something, often leading to achieving a goal or task.

Social Science

A branch of science that deals with the institutions and functioning of human society and the interpersonal relationships of individuals as members of society.