All of the following are characteristics of an agency relationship EXCEPT:

A. It is initiated by the principal.
B. Common and statutory laws control the relationship.
C. The agency generally creates a fiduciary relationship.
D. The agency is between a client and customer.

Answer: D. The agency is between a client and customer.

Business

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A focus on maximizing the surplus of income over costs is which type of pricing objective for service firms?

a. revenue-oriented b. patronage-oriented c. operations-oriented d. market-share-oriented

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Whomever made the reservation did not request a confirmation, as a result we had difficulty with the accommodations at the hotel

What will be an ideal response?

Business