As Set Forth in the Text,which of the Following Is

question 14

Multiple Choice

As set forth in the text,which of the following is false regarding agency law in relation to sports agents?

• A)Efforts are underway to develop a uniform act addressing regulation of sports agents because none exists at the present time.
• B)The Major League Baseball Players Association's Regulations Governing Player Agents expressly state that agents act in a fiduciary capacity vis-à-vis their athlete clients.
• C)Players associations' model contracts describe the nature of the services agents can perform on behalf of their principals and the duties the parties owe to one another.
• D)Some states have established criminal penalties for athletes who violate the state law addressing regulation of sports agents,but most states focus on criminalizing the activity of sports agents.
• E)Over half of the states have enacted statutes governing the behavior of sports agents.

---

Definitions:

Underapplied Overhead

A situation where the allocated manufacturing overhead cost is less than the actual overhead cost incurred.

Direct Materials Cost

The cost associated with the raw materials that are directly used in the production of a product.

Direct Labor

Workers actively engaged in manufacturing products or providing services, whose labor directly contributes to output.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to the end customer.