An Agent Is Entitled to Remuneration

question 26

Multiple Choice

An agent is entitled to remuneration:

• A)Regardless of the principal's intentions.
• B)If agreed by the principal and agent.
• C)According to legislation.
• D)As reimbursement for expenses incurred on behalf of the principal.

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Definitions:

Subjectivity

Subjectivity pertains to how someone's judgment is shaped by personal opinions and feelings instead of external facts or evidence.

Centre-of-Gravity

A method in location analysis that finds the best location for a facility based on minimizing transportation costs, taking into account the geographical distribution of supply and demand.

Tonnes

A metric unit of mass equal to 1,000 kilograms or approximately 2,204.6 pounds.

Grinding Mill

A machine used for breaking down materials by friction, crushing, or cutting.