Which of the Following Is an Example of an Agent's

question 122

Multiple Choice

Which of the following is an example of an agent's breach of fiduciary duty to his principal?

• A) An agent for the vendor collects a commission from the purchaser but told his principal and obtained his consent.
• B) An agent for the vendor makes a profit on the transaction he negotiates for his vendor above his commission and doesn't tell his principal/vendor.
• C) An agent discloses to his principal/vendor that he is giving some of his commission to the purchaser to induce the purchaser to sign the contract that the principal/vendor wants.
• D) An agent negotiates a higher price than the highest sale price reasonably possible at that time.
• E) The agent takes presents from the third party and passes them on to the principal.

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Definitions:

Concepts

General ideas or understandings that can be used to group together objects, symbols, events, or qualities that are similar in some way.

Patients' Perceptions

The ways in which patients understand, interpret, and make sense of their health, illness experience, and healthcare interactions.

Nurse Caring Tool

A method, instrument, or strategy used by nurses to enhance the care they provide to patients, often focusing on emotional, social, and physical needs.

Relationship-Centered

An approach in healthcare that prioritizes and values the relationships between healthcare providers, patients, and families as essential to healing and wellbeing.