An Agent Has a Fiduciary Duty to Exercise Their Duties

question 67

Multiple Choice

An agent has a fiduciary duty to exercise their duties in a way that:

• A)Is not contrary to the interests of the principal.
• B)Is mutually advantageous.
• C)Puts the interests of the principal beyond all other considerations.
• D)Promotes the interests of the principal amongst third parties however possible.

---

Definitions:

Corporate Entrepreneur

An individual within a corporation who promotes innovation and new business development, similar to an entrepreneur within a startup.

Competitive Position

A business's standing or ranking among its competitors in the market, often determined by its competitive advantage.

Collaborate

To work jointly with others, especially in intellectual endeavors or projects, leveraging collective expertise.

Competitors

Entities or individuals involved in the same industry or market, vying for the same customer base or resources.