An Agent, at His Principal's Direction, Fixes Prices with the Principal's

question 48

Multiple Choice

An agent, at his principal's direction, fixes prices with the principal's competitors. The result is:

• A) only the agent is criminally liable.
• B) only the principal is criminally liable.
• C) both the principal and agent are criminally liable.
• D) any liability would be civil only.

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Definitions:

Conformity

The tendency of individuals to adjust their behaviors, attitudes, and beliefs to match those of the group or social norms.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Referent Informational Influence

A form of social influence where individuals conform to the behavior of a group they admire or relate to, in order to be accepted or to identify with the group.

Normative Influence

The effect of societal norms and expectations on an individual’s behavior, driving conformity to group standards to gain acceptance or avoid disapproval.