Discuss the various ways an agency could be created
What will be an ideal response?
An agency can only be created for a lawful purpose. The three employment relationships where there is an agency are employer/employee, principal/agent, and principal/independent contractor. Agencies can be formed through an express agency, implied agency, apparent agency, and agency by ratification.
Business
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A leashold with a definite expiration date that does not require notice by either party
A) an estate at will. B) a fee simple absolute. C) an estate at sufferance. D) an estate for years.
Business
Which of the following measures the percentage of sales revenue a firm is able to retain after all expenses are deducted from gross revenues?
A) gross profit B) net margin C) operating margin D) working capital
Business