An Undisclosed Principal Is One Whose Identity Is Totally Unknown

question 65

True/False

An undisclosed principal is one whose identity is totally unknown by an agent and a third party at the time a contract is made.

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Definitions:

Cross-functional Teams

Teams composed of members with different expertise working toward a common goal, encouraging diversity of thought.

Functional Departments

Divisions within an organization based on functions or roles such as marketing, finance, and human resources, focusing on specialized tasks or services.

Cohesive Group

A collective of individuals who are united in their goals, values, or interests, displaying strong bonds and a high level of mutual support.

Group Attractiveness

The degree to which a group is considered appealing or desirable to its current or potential members, influenced by factors like cohesion, identity, and perceived benefits.