Which of the Following Is Generally Not a Duty That

question 44

Multiple Choice

Which of the following is generally not a duty that a principal owes to an agent?

• A) duty to compensate the agent for his or her work
• B) duty to follow the instructions of the agent
• C) duty to reimburse the agent for expenditures
• D) duty to indemnify the agent against any third-party claims

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Definitions:

Venture Capital

Funding given to startups and small businesses by investors who see potential for significant growth over time.

Start-Ups

Businesses in their early stages of operation, often characterized by innovative ideas and solutions to market needs, seeking to grow and establish themselves.

Marginal Cost

The money required to produce an additional unit of a product or service.

Marginal Benefit

The supplementary value derived from the consumption of an extra unit of a good or service.