Examlex
Which of the following have an impact on long-term variable costs?
Agency Relationship
A legal bond where one party, the agent, acts on behalf of another party, the principal, in a business transaction.
Irrevocable
Something that cannot be changed, reversed, or undone, typically referring to certain contracts, trusts, or agreements.
Coupled With An Interest
A right or benefit that cannot be taken away because it is legally attached to another property or contractual right.
Agency Agreement
A legal contract creating a fiduciary relationship wherein the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements.
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