A principal and agent relationship requires a

A. Meeting of the minds and consent to act.
B. Specified consideration.
C. Written agreement.
D. Power of attorney.

Answer: A. Meeting of the minds and consent to act.

Business

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What action would you choose according to maximin criterion?

What will be an ideal response?

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Which of the following is a primary question to ask when attempting to determine a product's potential in a foreign market?

A) How much is the overall production cost? B) Is the product safe and reliable? C) Why do people buy the product? D) How does the product work?

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