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:

Profit Generated

The total earnings resulting from business activities after subtracting all expenses and costs.

Production Data

Refers to information generated during the manufacturing or production process of a company, detailing aspects like quantity manufactured, defects, and production time.

Sales Data

Information regarding the quantity of goods or services sold within a specific period, often used for analysis in business strategies.

Scenario Manager

A feature found in some software applications, such as Microsoft Excel, that allows users to create and analyze different scenarios by changing a set of values.