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:

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as a percentage of the investment's profit to its cost.

Support Department Cost

Support department cost refers to the expenses associated with departments that provide essential services or support to production departments but do not directly engage in the production process.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue; the ratio of net sales to average invested assets.

Minimum Return on Investment

The lowest acceptable rate of return on an investment, below which an investment is deemed unattractive.