Classification of Agents Agency relationships are an important and common part of the business world. The law provides s

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Classification Of Agents Agency Relationships Are An Important And Common Part Of The Business World The Law Provides S 1 (44.33 KiB) Viewed 32 times

Classification of Agents Agency relationships are an important and common part of the business world. The law provides standards for creating an agency relationship, as well as setting rules governing the relationship between principal and agent. Agents are classified into three broad classifications. It is important for managers to understand the distinction between these classifications because each agency relationship has its own set of rules related to duties and liabilities of the parties. Roll over the items to read a hint about what agency classification best matches the item. Then click and drag each situation to the appropriate classification. Employeo (Non-Agent) Manager of a sales team Employee (Agent) Worker on an assembly line Outside accountant hired to audit business Independent Contractor Agent Roommate who picks up your laundry Gratuitous Agent Reset