Discuss the various types of agency relationships
What will be an ideal response?
The various types of agency relationships include: a) principal-agent; b) employer-employee; and c) employer-independent contractor. In a principal-agent relationship, the principal gives the agent expressed or actual authority to act on the former's behalf. In an employer-employee relationship, an agent (the employee) who works for pay and is subject to the control of the principal (employer) may enter into contractual relationships on the latter's behalf. In an employer-independent contractor relationship, the agent (independent contractor) is hired by the principal (employer) to do a specific job but is not controlled with respect to physical conduct or the details of work performance.
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Most refusals occur ________
A) immediately after the interviewer's opening remarks B) when the potential respondent first opens the mail package C) Both A and B are correct. D) when the potential respondent is well into the interview
Which of the following is NOT an activity of a financial institution or market?
A) Bringing together buyers and sellers of financial assets B) Providing a market for the transaction of financial assets C) Providing information to buyers and/or sellers of financial assets D) All are activities of financial institutions.