Which of the Following Would a Risk Manager Indicate as Being

question 60

Multiple Choice

Which of the following would a risk manager indicate as being a key point with respect to managing agency relationships?

• A) Choosing to avoid conflicts of interests is an agent's duty.
• B) Choose wisely,instruct carefully,and review regularly.
• C) Fiduciary duties must be specified in the agency agreement.
• D) Fiduciary duties are automatically owed to the principal.

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Definitions:

Human Personality

The characteristic set of emotional, cognitive, and behavioral patterns that are stable over time and across situations in an individual.

Teenage Years

Are the period of life usually ranging from ages 13 to 19, encompassing the transition from childhood to adulthood.

Adulthood

A stage of life characterized by physical maturity and social responsibility, following adolescence and potentially extending throughout one's life.

Mutual Adjustment

The process by which individuals or groups modify their actions and behaviors in response to others to achieve coordination and harmony.