A Large and Well-Known Corporation Wants to Acquire a Plot

question 16

Multiple Choice

A large and well-known corporation wants to acquire a plot of ground for a new plant.To avoid the extra cost,purchases the land through several agents,each purporting to be buying personally.In such cases,the corporation is a(n) ______.

• A)undisclosed principal
• B)disclosed principal
• C)partially disclosed principal
• D)subagent

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Definitions:

Demand Characteristics

Demand Characteristics refer to subtle cues or signals in an experimental setting that influence the participants' behavior or responses, potentially skewing the study's results.

Correlation

A quantitative measure demonstrating how closely two or more variables vary together.

Causation

The action of causing something, indicating a relationship between two events where one is the result of the other.

Third-variable Problem

The third-variable problem occurs when a previously unconsidered variable affects both variables of interest, potentially falsely suggesting a causal relationship between them.