An Agent's Competing with the Principal Is Generally a Breach

question 64

Multiple Choice

An agent's competing with the principal is generally a breach of the duty of:

• A) performance
• B) loyalty
• C) accounting
• D) indemnification
• E) obedience

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Definitions:

Corporate Codes

Are ethics or conduct guidelines developed by companies to outline expected behaviors and responsibilities of their employees, often focusing on professionalism, integrity, and social responsibility.

Economic Environment

Refers to all the economic factors that influence the operation of a business, such as inflation, employment rates, and economic policies.

Employment Options

The range of employment opportunities available to individuals, varying in terms of job type, industry, and level of required skill.

Labor Market

A marketplace where employers find workers and workers find jobs; it involves the supply and demand for labor.