List indicators that a company may be an agent,
not a principal, in a revenue transaction...
List indicators that a company may be an agent,
not a principal, in a revenue transaction and
explain the significance of this relationship in revenue
recognition.
If a person wants to select an agent, which of the following may
the principal select as an agent?
a. a minor
b. a corporation
c. an alien
d. all of these
e. none of these
Please explain, thank you!
Question 1: Describe a principal-agent
relationship.
a. a principal makes a decision that affects an agent
b. an agent makes a decision that affects a principal
c. an employee acting on behalf of its employer can be viewed as
an agent
d. a lawyer acting on behalf of its client can be viewed as a
principal
e. A and B
f. A and C
g. A and D
h. B and C
i. B and D
j. C and D...
The Principal-Agent Problem: Determine which is the principal
and which is the agent in the following relationships and then
briefly discuss the principal-agent issues for each.a. A firm that produces good for export and the export
management company that helps market its goods overseasb. An employee-pension management firm and the company using its
servicesc. The management of a firm and its stockholders
Opportunistic and overoptimistic behavior transforms the
principal-agent relationship between investor and entrepreneur into
a principal-agent problem.’ Explain why the above statement is true
and outline the mechanisms which are available to both parties to
reduce this problem.
Agency is a contractual relationship, involving an agent and a
principal, in which the agent is given the authority to represent
the principal in dealings with third parties. The most common
example is an employer-employee relationship wherein an agent
(employee) is given the power by a principal (employer) to act on
his or her behalf. An agent may be an employee or an independent
contractor. A principal is a person who employs an agent to act on
his or her...
In a principal-agent relationship, the parties have agreed that
the agent will act...
on behalf of a customer.
in the agent's best interest.
as a fiduciary for the government.
as a fiduciary of the principal subject to the principal's
control and consent.