Which of the Following Is True of a Principal-Independent Contractor

question 80

Multiple Choice

Which of the following is true of a principal-independent contractor relationship?

• A) Principals are bound by the authorized contracts of their independent contractors.
• B) Independent contractors cannot be authorized by principals.
• C) Independent contractors are employees of the principals.
• D) Principals cannot directly employ independent contractors.

Understand and calculate savings ratios for personal financial analysis.

Recognize the significance of budgeting in managing finances and reaching financial goals.

Identify and differentiate between fixed and variable expenses in personal budgeting.

Understand the relationship between personal financial decisions, opportunity costs, and financial security.

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Definitions:

Judgments

Assessments or opinions formed about something, not necessarily based on fact or knowledge.

Indisputable Facts

Information or statements that are accepted as true and cannot be argued against or disputed.

Ethical Thinking

The process of considering actions and decisions in terms of moral values and principles.

Own Ethics

Personal or individual moral principles that govern one's behavior and decision-making.