Fact Pattern 23-2​ Berry Indicates That She Is Acting as an Agent on an Agent

question 69

Multiple Choice

Fact Pattern 23-2​
Berry indicates that she is acting as an agent on behalf of an unidentified client-Cuisine Catering, LLC-when she enters into a contract with Désean.
-Refer to Fact Pattern 23-2. Cuisine Catering is​

• A) ​a disclosed principal.
• B) ​an apparent agent.
• C) ​an undisclosed principal.
• D) ​a partially disclosed principal.

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Definitions:

Activity Variance

The difference between planned levels of activity and actual levels, often analyzed to improve budgeting and operational efficiency.

Wages And Salaries

Payments made by businesses to their workforce, which may be calculated on an hourly, daily, or yearly basis, encompassing both fixed salaries and variable wages.

Budgeting

The process of preparing detailed financial plans, forecasting revenues and expenditures, and setting financial goals.

Net Operating Income

This metric measures the profitability of a business from its primary operations, excluding expenses from financing and taxes.