Reese Publishing Inc. hosts a golf tournament. In attendance are Jennifer Reese, the owner, director, and manager of Reese Publishing Inc.; her husband, Aaryn, a professional race-car driver and voracious reader who reads everything Reese Publishing Inc. publishes; her sales force, Laura, Catherine, and Keighla (each of whom signed deals that day); and Gena, the office manager, who is responsible for all of the company's office supply purchases. Which of these people act as agents?

Question

Quizplus · Accepted Answer

Agents are individuals who are authorized to act on behalf of another person or entity (the principal) in business transactions. In this scenario, Jennifer Reese, as the owner, director, and manager, acts on behalf of Reese Publishing Inc. in a managerial or directorial capacity. Laura, Catherine, and Keighla, as part of the sales force who signed deals that day, act on behalf of the company in sales transactions. Gena, as the office manager responsible for office supply purchases, acts on behalf of the company in procurement. Aaryn, despite his close relationship with the company through marriage and as a reader, does not act on behalf of the company in any business transactions or decisions.