Which of the Following Statements Is True with Regard to an Agent's

question 69

Multiple Choice

Which of the following statements is true with regard to an agent's duties?

• A) A real-estate agent may buy property from a third party if it is at a good price and then sell the property to his principal at a higher price.
• B) An agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his principal in carrying out his duties.
• C) An agent cannot act for two principals even with the knowledge and consent of those principals.
• D) An agent must always scrupulously account for moneys coming into his hands on behalf of his principal.
• E) An agent need not disclose all relevant information to the principal.

Recognize the importance of competitive advantage and the strategies to achieve it.

Understand the impact of different external environments on business strategies.

Acknowledge the significance of differentiation and competitive strategies in business success.

Realize the critical factors that influence the competitive dynamics within industries.

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Definitions:

Abert Squirrels

A species of tree squirrel named for Colonel John James Abert, noted for their distinctive ear tufts and dependence on ponderosa pine trees for habitat and food.

Prezygotic Barriers

Reproductive isolating mechanisms that occur before the fertilization of the egg, such as geographical, temporal, or behavioral differences that prevent species from mating.

Ecological Barriers

Physical, chemical, or biological factors in the environment that prevent species from dispersing to certain areas, limiting their distribution.

Biological Barriers

Structures and mechanisms that protect organisms from pathogens, toxins, and other external threats.