Janet Was Employed as a Sales Representative for Esday,Inc

question 45

Multiple Choice

Janet was employed as a sales representative for Esday,Inc.An appreciative customer gave her a diamond bracelet for all her hard work on a complicated contract.Can Janet keep the bracelet?

• A)Yes.The bracelet was given to Janet personally and intended for her.
• B)Yes, but only if she discloses the gift to Esday and Esday consents to her keeping the bracelet.
• C)No. An agent is not allowed under any circumstances to personally profit as a result of the agency relationship.
• D)No. The bracelet is regarded as an unfair trade practice and violates antitrust law.

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Definitions:

U.S. Exports

Goods or services produced in the United States and sold to customers in other countries.

European Union

A political and economic union of 27 member countries that are located primarily in Europe, with policies aiming to ensure free movement of people, goods, services, and capital.

Canada and Mexico

Two countries that border the United States and are significant trade partners, especially in the context of the North American Free Trade Agreement (NAFTA).

Income Distribution

How a nation’s total GDP is distributed amongst its population, affecting economic inequality and standard of living.