When an employer hires an employee to enter into contracts on behalf of the employer, a ______ relationship typically exists.

1 answer:

6 0

When an employer hires an employee to enter into contracts on behalf of the employer, an <u>agency relationship</u> typically exists.

An agency relationship exists between an employer and the employee, when the former authorizes the latter to act on his behalf, including to enter into contracts and agreements.

The employer is called the principal, and the employee is called the agent. These arrangements are made with the consent of both parties, and the principal is bound by what his agent does.

Agency relationships are essential for firms that do business globally. This is because the principal, through the agent, is able to be in more than one place at a time, thereby expanding the scope of their business.

To learn more about agency relationships: brainly.com/question/15129864

#SPJ4

You might be interested in

Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of unemployed workers d

Blababa [14]

Answer:

False, the labor forced increased

Explanation:

labor force = total number of people actively working (employed) or searching for jobs (unemployed)

lets say L = the total labor force in 2010

by 2016, L had increased by 12.1 million and decreased by 7.3 million

net change of L = 12.1 - 7.3 = 4.8 more million people were part of the labor force in 2016 than in 2010.

5 0

3 years ago

When a manager informs employees about the changes taking place in the external and internal environment that will affect them a

sergejj [24]

The answer is disseminator. When a manager informs his or her employees about the changes taking place within the external and internal environment of the workplace, which may affect them and the organization as well, he acts as a disseminator; a disseminator communicates to his or her employees the organization’s vision and purpose. Being a disseminator is part of Mintzberg’s Managerial Roles.

6 0

3 years ago

Help please!!

makkiz [27]

I think that’s true but I’m not sure

4 0

3 years ago

How does funding from national savings differ from funding obtained from capital inflows? National savings are repaid domestical

jolli1 [7]

Answer:

National savings are repaid domestically, whereas capital inflows are repaid to a foreigner.

Explanation:

National savings refer to the portion of the income that is not consumed, or spent by government. It is the combined or aggregate value of all private savings and the budget balance. Therefore, national savings are repaid domestically when borrowed.

Capital inflow refers to the net amount of funds that is moved into a particular benefiting company from another country. It is usually in form of investments by foreigners and it is meant to be paid back to them.

6 0

2 years ago

What are spot rates and forward rates? Purple Panda Importers, a U.S. company, produces and exports industrial machinery oversea

Fudgin [204]

Answer:

1. As you have to spend more Yens for 1 USD at future date, it means that Yen is selling at discount in the forward market relative to the US Dollar.

2. The spot exchange rate is ¥132.78 per dollar, hence, total dollars Purple Panda Importers will receive today is ¥625 million/¥132.78 = $4.71 million

3. Purple Panda Importers would get more dollars if the Japanese firm paid off its account <u>today</u>.That is, he will get more money if the account is paid today.

5 0

3 years ago