Service Entity Costs Can Be Classified As

question 18

Multiple Choice

Service entity costs can be classified as:

• A) manufacturing/non-manufacturing.
• B) production/non-production.
• C) direct/indirect.
• D) upstream/downstream.

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Definitions:

Undisclosed Principal

In agency law, a principal whom a third party lacks knowledge or the reason to know the principal’s existence and identity.

Unidentified Principal

In agency law, a principal whom a third party knows or has reason to know exists but who lacks knowledge or reason to know the principal’s identity.

Legally Non-Existent

Refers to an entity or agreement that has no recognition or validity under the law.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of employment or agency.