Which of the following forms of business organizations exists as a legal entity?

A ________ groups cost by behavior; costs are classified as either variable costs or fixed costs

A) balance sheet B) contribution margin income statement C) traditional income statement D) absorption costing income statement

An agency relationship

A. Must be in writing if it is to be legally enforceable. B. Creates a fiduciary duty on the principal's part. C. Can be created by estoppel, i.e., implied as a matter of law. D. Is normally delegable as a matter of law.