One of the reasons agency is such a useful legal concept is because it allows businesses as __________ to grow and transfer authority to agents within the organization's chain of command.

Question

Quizplus · Accepted Answer

The correct term is "principals." In the context of agency law, a principal is an individual or entity that authorizes an agent to act on their behalf. This concept is fundamental for businesses to delegate authority and responsibilities within their organizational structure, allowing for growth and efficient management.

One of the Reasons Agency Is Such a Useful Legal