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Numerical Equivalence Refers to the State in Which Consumers Are

question 32

True/False

Numerical equivalence refers to the state in which consumers are shown to use numbers to represent quantities the same way across cultures.

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Definitions:

Principal

A person or entity who authorizes another (the agent) to act on their behalf, often in a legal or business context.

Liable

Being legally responsible for something, typically a debt or a legal obligation.

Constructive Notice

Notice of agency termination that is usually given by publishing an announcement in a newspaper.

Agency Relationship

An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.

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