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

Question

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

Team Careers360 · Accepted Answer

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.

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Question : The relationship of partners with the firm is:Option 1: as a managerOption 2: as a servantOption 3: as an agentOption 4: as a monopolist

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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