Asked by Destinee Taylor on Sep 24, 2024
Verified
In a situation where a car salesman is selling cars on behalf of the dealer,the salesman is the
A) Principal
B) Agent
C) Both of the above
D) None of the above
Car Salesman
A professional who sells new or used cars at a dealership and typically works on commission, aiming to meet or exceed sales quotas.
Dealer
An individual or company involved in the buying and selling of goods or securities in their own account.
- Acquire insight into the diverging interests of principals and agents in their relational context.
Verified Answer
KB
Kaylee Butterworth1 day ago
Final Answer :
B
Explanation :
The car salesman is an agent as they are acting on behalf of the dealer, who is the principal. They do not have ultimate decision-making power and are bound to follow the instructions of the principal.
Learning Objectives
- Acquire insight into the diverging interests of principals and agents in their relational context.