Which one of the following statements is TRUE?
A. An example of an agency relationship is when the board of directors hires a CEO to run a company.
B. An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.
C. An example of an agency relationship is when a supervisor hires a forklift operator.
D. The supervisor-employee relation between a production line supervisor and a production line operator is an example of an agency relationship.
E. An agency cost is the wage required to pay someone who is hired to perform a service.
Answer: A
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