Which of the Following Factors Is Most Likely to Distinguish

question 42

Multiple Choice

Which of the following factors is most likely to distinguish employees from independent contractors?

• A)Whether or not consideration is given by the principal for the agent's performance
• B)The principal's right to control the manner and means of the agent's performance
• C)Whether the agent has authority to bind the principal by his actions
• D)The agent's personal liability for illegal actions taken on behalf of the principal

Distinguish between fundamental changes to a corporation and ordinary business decisions.

Comprehend the process and implications of ratifying the acts of corporate officers.

Understand the delegation of duties within the corporate structure and its legal boundaries.

Know the regulatory reforms affecting corporate governance and shareholder rights.

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Definitions:

Tariffs

Tariffs are taxes imposed by a government on imported goods and services to regulate trade, protect domestic industries, or generate revenue.