The Major Difference Between an Agent Who Is Paid and a Gratuitous

question 28

Multiple Choice

The major difference between an agent who is paid and a gratuitous agent is the

• A) amount of time spent on agency business.
• B) type of work the agent may perform.
• C) amount of authority the agent has.
• D) right to refuse to carry out the principal's instructions.

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Definitions:

Distribution

In statistics, distribution refers to the way in which data is spread out or dispersed across a range of values.

Relative Frequency Histogram

A type of histogram which shows the relative frequencies of different values within a dataset.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Frequency Distributions

A tabular or graphical representation of statistical data that shows how often different values occur in a dataset.