Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis?
I. The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement.
II. The principal is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis? I. The principal is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In Illinois Mobile homes are generally considered?
Answers (1)
What was the name of the first successful national labor organization in the united states that offered membership to all workers regardless of occupation, education, gender or race?
Answers (1)
The firm you founded currently has 10 million shares, of which you own 8 million. You are considering an IPO where you would sell 1 million shares for $ 24 each.
Answers (1)
Julia started a cake decorating business last year. Unfortunately it failed quickly. She is convinced that she lacked the necessary funds to promote her business and get it off the ground What did Julia experience?
Answers (1)
Firm A's demand for a product is 15 units per month. Its supplier charges an ordering cost of $5 per order and $10 per unit with a 10% discount for orders of 15 units or higher. Firm A incurs a 25% annual holding cost.
Answers (1)
New Questions in Business
Susie Affiliate Broker works for broker Bill at XYZ Realty. Susie places the following ad in the local paper: " Beautiful four bedroom home, scenic view, easy terms of financing, available now. Call Susie on her cell phone at 426-667-8900.
Answers (1)
E. why is it important for the cfo and his/her staff to analyze variances of budget to actual or forecasted to actual amounts, and investigate reasons for significant variances on a timely basis
Answers (1)
Memorial Stadium has worked with the same advertising company for 10 years. According to the company's data the stadium has spent approximately $2.5 million on advertising over that period for 100 events.
Answers (1)
Campbell Candy Corporation desires a 14% return on investment (ROI) on all operations. The following information was available for the company for the current year: Sales $ 14,000 Operating income $ 4,000 Turnover 0.
Answers (1)
N a mixed market economy, which of these would most likely be considered a basic function of government? a. to promote monopolies reactivate b. to regulate who can purchase services reactivate c. to ensure the financial stability of all citizens d.
Answers (1)