An Agent Who Is Believed to Be a Third Person

question 8

Multiple Choice

An agent who is believed to be a third person acting on behalf of the principal is referred to as __________.

• A) ostensible agent
• B) principal agent
• C) partnership
• D) solely owned corporation

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Definitions:

Business Plans

Detailed outlines that define the objectives, strategies, and operational actions for business ventures, aimed at achieving success.

Goals

Broad, long-term aims that guide actions and decisions within an organization or personal life.

Minority-Owned

Refers to a business that is at least 51% owned, operated, and controlled on a daily basis by one or more (in combination) racial or ethnic minorities.

Small Businesses

Enterprises characterized by smaller sizes in terms of employees and revenues, playing a crucial role in economic development and innovation.