Which of the following is usually NOT a right enjoyed by a Principal in the contract of Agency?
A. Right to revoke the agency
B. Right to charge abnormal fee for the agency
C. Right to repudiate the agency
D. Right to recover the secret profits from the agent
E. Right to enter into a contract
Answer: Option B
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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