Which One of the Following Statements Is TRUE

question 48

Multiple Choice

Which one of the following statements is TRUE?

• A) An agency relationship is when a principal hires an agent to perform a service and gives them decision-making authority.
• B) An agency relationship is when a principal works for an agent.
• C) In an agency relationship, the agent delegates authority to the principal.
• D) An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.
• E) An example of an agency relationship is when a supervisor hires a forklift operator.
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Definitions:

Dual-Process Theories

Psychological models that propose two distinct systems for processing information: one that is fast, automatic, and unconscious, and another that is slower, deliberate, and conscious.

Important Decisions

Choices or judgments that have significant effects on an individual's life or situation.

Rule-Governed Strategies

Approaches based on systematic and logical procedures, such as algorithms or heuristics, for problem-solving or decision-making.

Working Backward

A problem-solving strategy where the solver starts with the end goal and works towards the initial conditions.