In Which of the Following Scenarios Is the Agent Exposed

question 44

Multiple Choice

In which of the following scenarios is the agent exposed to the greatest risk of liability?

• A) disclosed principal and authorized contract
• B) undisclosed principal and authorized contract
• C) partially disclosed principal and authorized contract
• D) authorized receipt of money from third person remitted to disclosed principal

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Definitions:

Need for Achievement

A psychological drive that motivates individuals to strive for success, mastery, or high standards in their endeavors.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, and to exert persistent effort in achieving an objective.

Corporate Objectives

The specific, measurable goals that an organization aims to achieve to fulfill its strategic vision.

Competency Perspective

An approach that emphasizes the skills, knowledge, and capabilities that enable an individual or organization to perform effectively.