A Revocation of the Agency Relationship Requires the Principal and the Agent

question 23

True/False

A revocation of the agency relationship requires the principal and the agent to agree to terminate the agency.

---

Definitions:

ROE

Return on Equity; a measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.

Debt to Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Fixed Costs

Expenses that remain constant for a given period of time, regardless of the level of production or output.

Variable Costs

Costs that change in proportion to the level of goods or services a business produces or sale, such as materials and labor.