Which one of the following statements is TRUE?

Group of answer choices

An agency relationship is when a principal hires an agent to perform a service and gives them decision$-$making authority.

An agency relationship is when a principal works for an agent.

In an agency relationship, the agent delegates authority to the principal.

An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.

An example of an agency relationship is when a supervisor hires a forklift operator.

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