An Agency Will Be Terminated in All but Which One

question 8

Multiple Choice

An agency will be terminated in all but which one of the following situations?

• A)The principal and agent agree on an agency relationship to sell a boat,and the boat is sold.
• B)A travel agent files for individual bankruptcy under Chapter 13.
• C)The agent violates his duty of loyalty.
• D)An electrician,an agent of a contractor,has her license revoked.

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Definitions:

Organizational Goals

Organizational Goals are the strategic objectives that a company aims to achieve, which guide its operations and decision-making processes.

Motivation

The internal or external forces that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Hiring Practices

The methods and procedures that employers use to recruit, select, and onboard new employees.

Formal Planning Processes

A structured approach organizations use to define their objectives, strategies, and actions to achieve their goals.