Which of the Following Is True in Relation to the Interplay

question 4

Multiple Choice

Which of the following is true in relation to the interplay of agency and equity?

• A) Agency, like a trust, allows management and ownership of property to be separated from the rights to enjoy the benefits of the property.
• B) Equity treats agents as fiduciaries, so that they may be held liable for account any abuse of their position as agents.
• C) Agency is a common law concept, and, as such, equity has not role to play in the enforcement of agency relationships.
• D) Agency is a common law concept and is protected by common law damages, Equity has nothing to add to the concept of agency,

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Definitions:

Environmental Criteria

Standards or benchmarks used to assess and evaluate the environmental impact of an organization's operations, products, or services.

Social Denominator

A common trait or characteristic that enables individuals within a society to relate to each other.

Stakeholder Power

The capacity of a stakeholder to positively or negatively affect an organization’s operations.

Operations

The day-to-day activities required for the running of a business or an organization, focused on producing goods and providing services efficiently and effectively.