When an employer hires an employee to enter into contracts on its behalf, this is known as a(n) Blank______ relationship.Multiple choice question.delegator-delegateeemployer-independent contractorprincipal-agentthird-party beneficiary

An agency relationship can be formed through the implied Blank______ of the parties.Multiple choice question.authorizationnovationratificationconduct

In an agency relationship the Blank______.Multiple choice question.principal delegates decision making authority to an agentall legal issues have to be approved by a board appointed auditor agentshareholders enter into a legal relationship with each otheragent delegates decision making authority to a principal

A partnership that is based on contracts between companies is referred to as a(n) Blank______.Multiple choice question.non-equity alliancewholly owned subsidiaryallowance alliancediversification

Ted hired three men from the Trim-a-Tree Company to take a large, dead tree down in his back yard. The men came to Ted's house with their own tools and proceeded to cut the tree down. The relationship between Ted and the men he hired is: Blank______.Multiple choice question.employer-employeeemployer-independent contractoragent-incidental beneficiaryagent-third party beneficiary

The Blank______ is a relationship between two or more persons or corporations that is created for a specific business undertaking.Multiple choice question.joint venturelimited liability partnershipcooperativelimited partnership