Bill is working as the only employee at a local store. The relation between Bill and the owner of the store is such that Bill is ________ and the owner is ________.
A) the agent; the principal
B) both principal and agent; neither a principal nor an agent
C) neither a principal nor an agent; both principal and agent
D) the principal; the agent

Question

Quizplus · Accepted Answer

Bill is the agent because he is working on behalf of the store owner, who is the principal. The principal-agent relationship involves the agent acting on behalf of the principal.

Bill Is Working as the Only Employee at a Local