Question: In a corporation, _ _ _ _ _ _ _ _ _ _ are the principals and _ _ _ _ _ _ _ _

In a corporation, __________ are the principals and __________ are their agents.
a. customers; shareholders
b. managers; shareholders
c. directors; managers
d. shareholders; managers and directors
e. shareholders and managers; employees

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Describe, in your own words, the difference between a principal and an agent. Describe, in your own words, the differences between the duties of a principal and an agent. Let's analyze this sequence...

Q:

Describe, in your own words, the difference between a principal and an agent. Describe, in your own words, the differences between the duties of a principal and an agent. Let's analyze this sequence...

Q:

Why is agency law especially important in the business and government context? What are the five types of agents? What distinguishes an employee from an independent contractor? Why do employers...

Q:

Please answer the questions accurately! PROBLEM SET 15 ECO389 ? SPRING 2017 Corporate Finance Instructor: Ramiro Malaga Ortega Due date: Monday 8 th May 2017 at 11:00 p.m. Problem 1 Limited liability...

Q:

Chapter 13 Food Legislation INTRODUCTION 5 This chapter provides an understanding of some of the requirements that hotels, restaurants and food outlets must comply with when serving, handling,...

Q:

Purpose:For you to draft a set of interrogatories and requests for production Outcome: Draft and examine correspondence, forms, and pleadings used in the steps of a civil lawsuit. Even though...

Q:

PLEASE EXPLAIN WHY IT'S THE ANSWER 9) Which of the following is not an advantage of a sole proprietorship? a) The owner receiving all the after-tax profit b) Limited liability c) Quick decision...

Q:

Identify an accurate statement about agency problems. They are mostly faced by sole proprietorships. The managers of a corporation are also called the principals. They occur when the goals of...

Q:

"In recent years, there has been some movement among US corporations away from allowing a company s CEO to also be the chair of its board of directors. Which of the following is the most likely...

Q:

The Trade Union Association of Orlando, Florida, maintains indexes on the hourly wages for a number of the trades. Unfortunately, the indexes do not all have the same base periods. Listed below is...

Q:

How much will it cost in Canadian dollars to purchase 2000 pesos in Mexican currency at a bank that charges a 3.5% commission on the transaction? Use an exchange rate of C$1.00 = Mexican peso 11.87.

Q:

As performance materiality becomes smaller, the quantity of audit evidence also becomes smaller. Select one: True False

Q:

please help with only 6.01 - 6.04. thank you much! I See The Light Projected Balance Sheet As of December 31, 20x1 34,710.00 67,500.00 Current Assets Cash Accounts Receivable Inventory Raw Material...