In a principal/agent relationship for contracts with customers, the pre-determined fee or commission for services is earned by the:
A) owner.
B) agent.
C) principal.
D) customer.

Question

Quizplus · Accepted Answer

In a principal/agent relationship, the agent is the one who provides services to the customer on behalf of the principal. The pre-determined fee or commission for those services is earned by the agent.

In a Principal/agent Relationship for Contracts with Customers, the Pre-Determined