Which of the Following Best Describes a Partially Disclosed Agency

question 84

Multiple Choice

Which of the following best describes a partially disclosed agency?

• A) an agent with multiple principals who do not know each other's identities
• B) a transaction in which the third party does not know the identity of the agent
• C) a transaction in which the third party knows the agent, but not the principal
• D) an agent who discloses only the name of his or her principal in a transaction

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Definitions:

Free Trade

A financial strategy that permits the trade of goods and services across borders without significant restrictions, tariffs, or bans.

Free Trade

The unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties, and quotas.

Living Standards

The magnitude of economic riches, comfort levels, material acquisitions, and basic livable needs assigned to a particular social strata or region.

International Trade

The exchange of goods and services across national borders, influenced by comparative advantages, tariffs, quotas, and agreements.