An Agent Is Not Required to Keep Which of the Following

question 32

Multiple Choice

An agent is not required to keep which of the following information confidential?

• A) Unique business methods.
• B) Customer lists.
• C) Information that his or her principal is engaged in criminal activity.
• D) Business plans.

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Definitions:

Call Option

An economic agreement that provides the bearer the option, without the necessity, to purchase a share, bond, commodity, or different asset at an agreed-upon price during a determined timeframe.

Derivative Security

A financial security whose value is determined by or derived from an underlying asset or group of assets, such as stocks, bonds, commodities, or market indices.

Fixed Price

A contractually agreed-upon price for goods or services that is not subject to any changes in cost.

Risk-Free Rate

The theoretical rate of return on an investment with zero risk, often represented by the yield on government securities.