Which of the Following Is True

question 31

Multiple Choice

Which of the following is true?

• A) An agent has the power to contract on behalf of a principal.
• B) An employee generally does not have the power to contract on behalf of the employer.
• C) An independent contractor controls the work he or she performs.
• D) All of the above are true.

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Definitions:

Survival

The ability of a business or individual to continue operating or existing despite facing challenges or adversities.

Growth Stage

A phase in a product's life cycle characterized by rapid sales growth, increasing profit margins, and expansion of the market share.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and profit and loss distribution among business partners.

Task Overload

Occurs when the volume or difficulty of tasks assigned exceeds an individual's capacity to perform them effectively, leading to stress or burnout.