1- A ________ is an explicit or implicit promise in a contract with a customer to transfer goods or services.

a. performance obligation

b. liability obligation

c. constructive obligation

d. constructive liability

Note: I chose performance obligation but the system is marking it wrong

2. The role of the agent in a principal-agent relationship is to

a. collect payment from the customer and remit it to the principal.

b. develop and maintain the goodwill of the principal's customers.

c. arrange for the principal to provide goods or services to a customer.

d. provide goods or services to a customer.

Note: I chose to Arrange for the principal to provide goods or services to a customer and the system is marking it wrong.