Which One of the Following Statements Is TRUE

question 18

Multiple Choice

Which one of the following statements is TRUE?

• A) In an agency relationship, the principal delegates decision-making authority to the agent.
• B) In an agency relationship, the agent delegates authority to the principal.
• C) An example of an agency relationship is when the CEO nominates a slate of candidates to be on the board of directors.
• D) An example of an agency relationship is when a supervisor hires a forklift operator.
• E) The supervisor-employee relation between a production line supervisor and a production line operator is an example of an agency relationship.

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Definitions:

Moral Development

The process of learning to distinguish right from wrong and developing the ability to act according to ethical principles.

Principle-Centred

An approach or philosophy that emphasizes the importance of adhering to a set of core values or principles to guide decision-making and actions.

Government Laws

Statutes and regulations established by the legislative bodies of governments to dictate behavior, enforce order, and provide a basis for justice.

Ethical Behaviour

Conduct that is in accordance with accepted principles of right and wrong governing the professional and personal actions of individuals.