An Agent Will Breach Their Duty to Act Personally If

question 53

Multiple Choice

An agent will breach their duty to act personally if they:

• A)Delegate administrative aspects of the task to an employee.
• B)Arrange for another to carry out the task, even if the principal gives their permission.
• C)Keep to themselves information they learn that is of obvious interest to the principal.
• D)Appoint an agent to carry out the principal's instructions on behalf of the agent, without informing the principal.

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Definitions:

Sales Volume

Refers to the total number of products a business sells over a specific time period, critical for assessing market performance.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor directly involved in manufacturing.

Sales Volume

The quantity of units sold within a given period, a key factor in assessing a company's performance and profitability.

Mixed Cost

A cost that contains both variable and fixed cost components.