An agent is:
A) a party primarily engaged to act for the benefit of another party and therefore does not control the investee when it exercises its decision-making authority.
B) a party primarily engaged to act for its own benefit.
C) a party primarily engaged to act for the benefit of another party.
D) a party primarily engaged to act for its own benefit and therefore controls the investee when it exercises its decision-making authority.

Question

Quizplus · Accepted Answer

An agent is a party primarily engaged to act for the benefit of another party and does not control the investee when it exercises its decision-making authority. This definition emphasizes the agent's role in acting on behalf of another (the principal) rather than for its own benefit.

An Agent Is