An agent exceeds a secret limitation in the agency agreement while dealing with a third party. Which statement would be correct?
A. The agent could be personally liable to the principal.
B. The third party could hold the principal liable for the agent's action.
C. Both of these are correct.
D. Neither of these is correct.
Answer: C. Both of these are correct.
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Which of the following is not an adverse factor affecting direct selling?
a. the unavailability of female consumers in their homes due to a large proportion of the female population that currently works b. high sales turnover of sales personnel c. a poor image associated with direct selling careers d. high mailing and catalog production costs
Social groups that emerge spontaneously without the assistance or consent of formal groups are best defined as ________
A) informal groups B) formal groups C) required system groups D) power groups