If a Third Party Learns That an Agent Was Acting

question 19

Multiple Choice

If a third party learns that an agent was acting for an undisclosed principal, the third party has the right to:

• A)enforce the contract against the principal and the agent jointly.
• B)enforce the contract against the principal only.
• C)enforce the contract against the agent only.
• D)enforce the contract against either the principal or the agent but not both.

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Definitions:

Throughput Time

The amount of time taken for a product to pass through all stages of production from start to finish, including processing time, wait time, and move time.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.

Non-Value-Added

Activities or processes that do not add value to the product or service from the customer's perspective, leading to unnecessary costs.

Delivery Cycle Time

The total time taken from when a customer order is placed until the order is delivered, including all processing, manufacturing, and shipping times.