Which of the Following Is Not a Duty Owed by the Agent

question 254

Multiple Choice

Which of the following is not a duty owed by the agent to the principal:

• A) compensation
• B) reasonable care
• C) accounting
• D) notification
• E) all of the other choices are required

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Definitions:

Asset's Value

The monetary worth assigned to an asset, based on factors like market value, cost, and depreciation.

Benefit Period

The duration during which benefits, such as those from an insurance policy or investment, are paid out.

Depreciation Expense

The distribution of a physical asset's expense over its lifespan, mirroring its decrease in worth as time progresses.

Estimated Depreciation

A projected amount of depreciation expense for an asset, reflecting its anticipated decline in value over a specified period due to wear and tear or obsolescence.