The Receipt of a Secret Commission by an Agent Is

question 65

Multiple Choice

The receipt of a secret commission by an agent is not which of the following:

• A)legitimate remuneration.
• B)conduct that conflicts with the agent's fiduciary duty.
• C)a crime.
• D)payment made by a third party to an agent without the principal's permission or knowledge.

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Definitions:

Pretax Return

The profit earned by a business before the deduction of tax expenses.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Net Present Value

A calculation that determines the present value of a series of future cash flows, minus the initial investment, used to assess the profitability of investments.

Investment Proposal

A detailed document or presentation by a company or individual seeking to raise capital, outlining the nature of the project, the required investment, and the expected returns.