Which of the Following Types of Relationship Exists When a Person

question 55

Multiple Choice

Which of the following types of relationship exists when a person hires another person to perform some form of physical service but does not authorize that person to enter into contracts on his or her behalf?

• A) employer-employee relationship
• B) employer-agent relationship
• C) principal-third party relationship
• D) principal-agent relationship

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Definitions:

Operations to Sales

A financial ratio used to analyze a company's operational efficiency by comparing its operating income to its net sales.

Operations to Net Income

An analysis or measure that illustrates how operating activities contribute to a company's net income.

Intracompany Comparisons

Intracompany comparisons involve analyzing the financial performance and operational efficiencies within different segments or departments of the same company.

Intercompany Comparisons

The evaluation and analysis of financial statements and performance between different departments or subsidiaries within the same company.