According to a Recent Human Behaviour Survey by Advertising Agency

question 14

Multiple Choice

According to a recent human behaviour survey by advertising agency McCann-Erickson,________ of people say they lie regularly.

• A) 91 per cent
• B) 62 per cent
• C) 40 per cent
• D) 19 per cent

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Definitions:

Undisclosed Principal

A person who is represented in a transaction by an agent but whose identity is not revealed to the third party involved.

Agent's Authority

Refers to the powers granted to an agent by the principal, enabling the agent to act on behalf of the principal in legal or business matters.

Apparent Authority

A situation where a reasonable third party would understand that an agent had the authority to act, even if the agent did not have such authority.

Principal

The original sum of money borrowed in a loan, or the amount of the investment, excluding any interest or profit.