An Individual Who Is Part Owner of a Company and Hires

question 74

Multiple Choice

An individual who is part owner of a company and hires another individual to act on his or her behalf is referred to as a(n)

• A) agent.
• B) manager.
• C) employee.
• D) principal.

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Definitions:

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Yields

The income return on an investment, such as the interest or dividends received from holding a particular security.

Record Producers

Professionals who oversee and manage the recording process of artists, playing critical roles in the development, recording, and production of music tracks.

Budget Approval

The formal process of validating a financial plan that allocates resources for specific activities or periods.