An individual authorized by another person, called the principle, to act on the latter's on behalf is known as an/a:
Correct answer: A. Agent
- A. Agent
- B. Servant
- C. Subordinate
- D. Assistant
Explanation
An agent is authorized to act on behalf of a principal, who grants the authority. Servant, subordinate, and assistant describe employment or support roles, not the legal agency relationship.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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