Which of the Following Is an Incorrect Statement Regarding the Principal-Agent

question 72

Multiple Choice

Which of the following is an incorrect statement regarding the principal-agent relationship in Japan?

• A) Agents need not disclose whom they are representing.
• B) Third parties often require proof that agents are acting on behalf of a particular principal.
• C) The agent must have expressed authority to act.
• D) Principals are held liable for acts of agents within their limited range.

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Definitions:

Personality

A combination of emotional, attitudinal, and behavioral response patterns of an individual that are characteristic over long periods.

Psychodynamic

A psychological perspective that analyzes how behavior springs from unconscious drives and conflicts.

Theoretical Systems

Frameworks or models that are developed to explain various phenomena or behaviors through abstract concepts and interactions.

Personality

A set of emotional, cognitive, and behavioral patterns that are relatively stable over time and across situations, and that distinguish one individual from another.