Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis?
a) The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement.
b) 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.
c) Both a) and b).
d) None of the above.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find 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? a) The principal is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If monetary policy becomes more transparent about the future course of interest rates, how would that affect stock prices, if at all? A. Stock prices will increase, as the risk and required return on the investment will be reduced. B.
Answers (1)
One of the four most fundamental factors that affect the cost of money as discussed in the text is the expected rate of inflation.
Answers (1)
A competitive market is one in which there a. are so many buyers and so many sellers that each has a negligible impact on the price of the product. b. are many sellers, and each seller has the ability to set the price of his product. c.
Answers (2)
Gary threw a tantrum at the mall because his parents refused to buy an expensive toy. After returning home, his parents asked him for a time-out. What do you think the parents wished to convey to Gary through the punishment? A.
Answers (1)
Resourced Minerals Inc. agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days.
Answers (1)
New Questions in Business
Shane owns shares of Vegan Pizza Inc., a food and beverages company. The company's financial situation takes a turn for the worse and ends up in severe debt.
Answers (1)
What happens to supply when input costs go up? It increases because the good becomes cheaper to produce. It increases because the good becomes more expensive to produce. It decreases because consumers find a substitute product.
Answers (2)
In 2007 the Fitzu Co. had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off.
Answers (1)
An online investment blogger advises investing in mutual funds that have performed badly the past year because 'regression to the mean tells us that they will do well next year.' Is he correct?
Answers (1)
Do an interview with a business owner and request him / her to identify any business problem that they are experiencing
Answers (1)