A collaboration in which power, decision-making, and risk are shared are referred to as a(an):
A) agent to agent relationship.
B) principal to principal relationship.
C) principal to student relationship.
D) principal to parent relationship.

Question

Quizplus · Accepted Answer

A principal to principal relationship refers to a collaborative effort where both parties share power, decision-making, and risk equally. It is commonly used in business partnerships and joint ventures. In contrast, agent to agent relationships refer to situations where one party (the agent) is authorized to act on behalf of another party (the principal) but does not have the same level of power or decision-making authority. Principal to student and principal to parent relationships are not relevant to this context.

A Collaboration in Which Power, Decision-Making, and Risk Are Shared