In a principal-agent relationship, which of the following typically characterize the agent,

a. Has inventory risk

b. Recognizes revenue on a net basis <--------------- answer

c. Has discretion in establishing the price

d. Has control of the goods or service to be provided

e. Recognizes revenue on a gross basis

Can someone help me with this question please? I know the answer is b) but I want a good explanation of what it means to recognize revenue on a net basis? please help and thanks in advance!