When an Agent Pays for the Right to Exercise Authority

question 341

True/False

When an agent pays for the right to exercise authority for a business, there is an agency coupled with an interest.

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Definitions:

HRM

Human Resource Management; the strategic approach to manage people in an organization in a way that supports the business's goals and vision.

Electronic Human Resource Management

The integration of information technology into the human resources function to enhance its efficiency and effectiveness, often through digital platforms and tools.

Psychological Contract

A description of what an employee expects to contribute in an employment relationship and what the employer will provide the employee in exchange for those contributions.