Who is an independent contractor?
What will be an ideal response?
Principals often employ outsiders, persons and businesses that are not employees to perform certain tasks on their behalf. These persons and businesses are called independent contractors. Independent contractors operate their own business or profession. The arrangement creates a principal independent contractor relationship. A principal can authorize an independent contractor to enter into contracts. Principals are bound by the authorized contracts of their independent contractors.
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A sales proposal ________
A) is used exclusively as a persuasive tool B) cannot serve as a sales contract C) represents a commitment between both parties when signed by a client D) is always an unsolicited proposal E) should not mention the details of the schedule and budget
A list price is also referred to as a(n) ________
A) captive price B) bundled price C) channel price D) suggested retail price E) basing-point price
Product cost under variable costing is calculated as:
a. direct material + direct labor + variable overhead + fixed manufacturing overhead. b. direct material + direct labor + variable overhead. c. selling and administration + fixed manufacturing overhead + variable overhead. d. direct material + selling and administration + fixed manufacturing overhead.
Factors that have increased the risk of global supply chain management include the ______.
a. reduced financial volatility b. stability of energy prices c. increases in complexity of goods and services produced d. emergence of the European Union as a major economic power