A 'Del Credere' Agent

question 66

Multiple Choice

A 'del credere' agent:

• A)Agrees to indemnify the principal in the event of non-performance by the third party.
• B)Is usually not entitled to a commission.
• C)Agrees to indemnify the principal in the event of negligence.
• D)Is authorised to do anything on behalf of the principal that the principal can do.

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Definitions:

Manifest Need

A psychological or physiological requirement of an individual that compels them to act in a manner that will satisfy the specific need.

Herzberg's Theory

A motivation theory, also known as the Two-Factor Theory, that identifies motivating factors which can increase job satisfaction and hygiene factors that, if missing, can cause job dissatisfaction.

Recognition

The act of acknowledging and valuing the contributions and achievements of individuals or groups.

Career Growth

The process of advancing one's career, often through higher job positions, increased responsibilities, further education, or skill development, leading to personal and professional satisfaction.