An Agent Should Keep Any Funds of the Principal That

question 59

Multiple Choice

An agent should keep any funds of the principal that they acquire:

• A)separate from their own.
• B)in a safe.
• C)until they get paid.
• D)in multiple currencies.

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Definitions:

Marginal Utility

The added satisfaction or utility gained from consuming an additional unit of a good or service.

Spending

Engaging in transactions to acquire goods or services by spending money.

Income

Earnings accrued from work or investment sources on a consistent basis.

Goods

Physical items that satisfy human wants or needs, which can be bought, sold, or traded.