Question : The relationship of partners with the firm is:
Option 1: as a manager
Option 2: as a servant
Option 3: as an agent
Option 4: as a monopolist
Answer (1)
19th Jan, 2024
Correct Answer: as an agent
Solution : In a principal-agent relationship, one party (the principal) designates another party (the agent) to act on the principal's behalf. The term "agency" refers to the partnership between the principal and the agent. Therefore, there is a principal and agent relationship of partners with the firm. Hence, the correct option is 3.
Comments (0)
Related Questions
Trending Articles/News
