Which One of the Following Statements Is TRUE

Multiple Choice

Which one of the following statements is TRUE?

A) An agency relationship is when someone hires someone else to perform a service and gives them decision-making authority.
B) An agency relationship is when an agent hires a principal to perform a service.
C) An agency relationship is when a principal works for an agent.
D) In an agency relationship, the agent delegates authority to the principal.
E) An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.