Which of the Following Typically Exists When an Employer Hires

question 41

Multiple Choice

Which of the following typically exists when an employer hires an employee to enter into contracts on behalf of the employer?

• A) Principal-agent relationship
• B) Employer-agent relationship
• C) Employer-independent contractor relationship
• D) Avowed relationship
• E) Acknowledged relationship

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Definitions:

Retailer

A business entity that sells goods or commodities directly to consumers, typically in small quantities.

Intermediary

An entity or individual that acts as a middleman between two parties in a transaction, usually within the supply chain for goods and services.

Marketing Channel

Pathways or routes through which goods and services flow from the producer to the consumer.

Producer

A Producer is an individual or organization that creates goods or services, often selling them to consumers or intermediary buyers.