When an Agent Does Not Inform the Third Party That

question 4

Multiple Choice

When an agent does not inform the third party that he or she is acting on behalf of another person, the unidentified principal is known as a(n) :

• A) undisclosed principal.
• B) unaware principal.
• C) unauthorized principal.
• D) distinct principal.

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Definitions:

Type II Error

The error that occurs when a false null hypothesis is not rejected, also known as a "false negative."

Type II Error

The error that occurs when a false null hypothesis is not rejected, also known as a "false negative".

Steroids

Steroids are organic compounds with four rings arranged in a specific molecular configuration, used both in medical treatment and illegally to enhance athletic performance.

Type II Error

The error that occurs when a statistical test fails to reject a false null hypothesis, mistakenly indicating that there is no effect or difference when there is.