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:

Job Cost Sheet

A document that records the costs associated with a specific job or project, tracking materials, labor, and overhead expenses.

Finished Goods Inventory

Merchandise that is completely manufactured, processed, and ready for sale.

Direct Materials

Raw materials that are directly traced to the production of goods or services; these are the primary inputs in the manufacturing process.

Direct Labor

The earnings and perks of workers who are actively engaged in the making of products or provision of services.