Which of the Following Is Not True About the Status

question 17

Multiple Choice

Which of the following is not true about the status of an agent?

• A) Agent - a person who, by express or implied agreement, is authorized to act for someone else in business dealings with a third party
• B) A "purchasing agent" is not a legal party to his or hers business transactions, but rather serves as an intermediary.
• C) Law requires the agent to be loyal to the employer
• D) Law permits the employer to hold its purchasing agent(s) personally liable for any secret advantages
• E) An agent represents the firm in personal dealings, as well as official

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Definitions:

Assigned Resources

Refers to the specific personnel, equipment, or capital allocated to a particular task or project.

Early Start Date

The earliest possible date on which a particular task or activity can begin, assuming all prior necessary conditions are met.

Late Start Date

The latest possible date a task or project component can begin without delaying the project deadline.

Total Float

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project completion date.