An agent is a person appointed by another person, known as the principal, to act on his or her behalf. Agents have the authority to perform tasks or make decisions as specified by the principal.
A Proxy is a person authorized to act on behalf of a shareholder or member of a company during meetings to vote on matters discussed. This authorization includes specific instructions on how the proxy should vote on various resolutions.
Representation involves professional assistance or fiduciary advocacy in a transaction or negotiation, ensuring that the interests of a party are effectively promoted and protected.
The concept of scale relationship involves comparing objects, values, or phenomena using pre-defined scales, as well as determining proportions between model dimensions and real dimensions.
Tokenism refers to the practice of making a superficial or symbolic effort to appear inclusive, especially by recruiting a small number of people from underrepresented or marginalized groups to comply with affirmative action or diversity policies.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.