An individual who acts on behalf of others is referred to as a(n) ________.
A) principal
B) shareholder
C) agent
D) bondholder

Question

Quizplus · Accepted Answer

An agent is a person who acts on behalf of others or a company. The principal is the person or company that gives the agent the authority to act on their behalf. Shareholders are owners of a company and bondholders are individuals or entities that have loaned money to a company through bonds. Therefore, the best choice is C) agent.

An Individual Who Acts on Behalf of Others Is Referred