Which of the following is an example of an agency relationship? - a friendly competition between rival businesses - partners who start a business together - someone who negotiates on another’s behalf - a client that ends a transaction with one business to start another

Someone who negotiates on another’s behalf

Agency relationship prevails in a situation whereby there is a representation involved and hence there is a risk of any bias or fraud. The selected answer includes a form of representation which therefore sheds light on the prevalence of an agency relationship prevailing. A chance of bias is always included because while bargaining the former may keep some benefit margin for him or herself.

someone who negotiates on another's behalf

Explanation:

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explanation:

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o