The Key Feature of an Agency Relationship Is That

question 27

Multiple Choice

The key feature of an agency relationship is that:

• A)the principal will always make decisions that are in the best interests of the agent.
• B)a company will allow another firm to take on its name,and act as an agent in doing business.
• C)the decisions by the agent will always improve the position of the owners of a firm.
• D)one party passes the responsibility for making decisions to another party.

---

Definitions:

pH

A measurement system to determine how acidic or basic a water-based solution is, with a scale that goes from 0 (highly acidic) to 14 (highly basic).

Acetic Acid

An organic compound with the formula CH3COOH, known as the main component of vinegar apart from water, and widely used as a solubility agent and a reagent in the production of chemical compounds.

Anion

An anion is a negatively charged ion, meaning it has more electrons than protons, which is typically formed when an atom gains one or more electrons.

Acetic Acid Solution

A solution composed of acetic acid, often used in vinegar, with acidic properties resulting from the presence of acetic acid.