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29. Who of the following is most likely to be classified as an independent contractor rather than an employee? Multiple Choice An assembly line worker • A franchisee of a fast-food chain • A lawyer who works as in-house counsel for a corporation • The president of a corporation b) Which of the following is correct regarding an agent who has the authority to appoint a subagent? Multiple Choice • An agent has the authority to appoint a subagent when the co-agent demands such an appointment. An agent has the authority to appoint a subagent when the situation involves a nondelegable duty. An agent can appoint a subagent without the principal's knowledge. • An agent becomes a principal with respect to the subagent.

29. Who of the following is most likely to be classified as an independent contractor rather than an employee? Multiple Choice An assembly line worker • A franchisee of a fast-food chain • A lawyer who works as in-house counsel for a corporation • The president of a corporation b) Which of the following is correct regarding an agent who has the authority to appoint a subagent? Multiple Choice • An agent has the authority to appoint a subagent when the co-agent demands such an appointment. An agent has the authority to appoint a subagent when the situation involves a nondelegable duty. An agent can appoint a subagent without the principal's knowledge. • An agent becomes a principal with respect to the subagent.

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 5MC
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29. Who of the following is most likely to be classified as an independent contractor rather than an employee? Multiple Choice An assembly line worker • A franchisee of a fast-food chain • A lawyer who works as in-house counsel for a corporation • The president of a corporation b) Which of the following is correct regarding an agent who has the authority to appoint a subagent? Multiple Choice • An agent has the authority to appoint a subagent when the co-agent demands such an appointment. An agent has the authority to appoint a subagent when the situation involves a nondelegable duty. An agent can appoint a subagent without the principal's knowledge. • An agent becomes a principal with respect to the subagent.
Transcribed Image Text:29. Who of the following is most likely to be classified as an independent contractor rather than an employee? Multiple Choice An assembly line worker • A franchisee of a fast-food chain • A lawyer who works as in-house counsel for a corporation • The president of a corporation b) Which of the following is correct regarding an agent who has the authority to appoint a subagent? Multiple Choice • An agent has the authority to appoint a subagent when the co-agent demands such an appointment. An agent has the authority to appoint a subagent when the situation involves a nondelegable duty. An agent can appoint a subagent without the principal's knowledge. • An agent becomes a principal with respect to the subagent.
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