An Agent's Duties to the Principal Arise from the Agency

question 21

True/False

An agent's duties to the principal arise from the agency relationship only if the identity of the principal is disclosed to a third party.

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Definitions:

Reward System

The structure and protocols an organization uses to recognize and reward employee performance, aimed at motivating and retaining staff.

Boundary

A demarcation that marks the limits of an area or concept.

Intrasender Role Conflict

A situation where an individual receives conflicting demands or messages from the same source regarding their role.

Person-Role Conflict

A type of conflict experienced when an individual's personal values, beliefs, or needs are in contradiction with the expectations of their organizational role.