A Direct Notice of Termination Goes to Any Third Party

question 2

True/False

A direct notice of termination goes to any third party who has knowledge of an agency but with whom the agent has not dealt.

---

Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing one option over another.

Outlay Cost

Expenses directly associated with the production of goods or services, such as materials and labor.

Variable Selling Costs

Expenses that change in proportion to the volume of sales, such as commissions and shipping costs.

Sales Forecasts

Projections of future sales revenue, based on market analysis, historical data, and other estimations.