Question : The relation of a partner with the firm is that of:
Option 1: a principal
Option 2: an agent
Option 3: both a principal and agent
Option 4: a manager

Question

Question : The relation of a partner with the firm is that of:

Option 1: a principal

Option 2: an agent

Option 3: both a principal and agent

Option 4: a manager

Team Careers360 · Accepted Answer

Correct Answer: both a principal and agent

Solution : The relation of a partner with the firm is like a principal and agent. A partner acts as an agent of his/her principal. Hence the correct option is 3.

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Question : The relation of a partner with the firm is that of:Option 1: a principalOption 2: an agentOption 3: both a principal and agentOption 4: a manager

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Question : The relation of a partner with the firm is that of:
Option 1: a principal
Option 2: an agent
Option 3: both a principal and agent
Option 4: a manager