Which one of the following statements is TRUE? a. An agency relationship is when a principal works for an agent. b. An agency relationship is when an agent hires a principal to perform a service. c. An agency relationship is when someone hires someone else to perform a service and gives them decision-making authority. 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.
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