When an Agency Is Terminated

question 226

Multiple Choice

When an agency is terminated:

• A) the agent's authority to act for the principal does not end
• B) the agent's authority to act for the principal ends
• C) the agent's authority to act for the principal is reduced to very limited conditions
• D) the agent may never work with the principal again
• E) the agent may not work for someone who is in competition with the principal

---

Definitions:

Impulse Buying

The act of purchasing items on a whim without prior planning, often driven by emotions or immediate desires.

Faster Decisions

The acceleration of decision-making processes, often through improved technology or strategic planning.

More Errors

Refers to an increase in mistakes or inaccuracies in a particular process or task.

System 1

A term often used in psychology, referring to the fast, automatic, and often unconscious way of thinking, as opposed to the slower, more deliberate, and more logical System 2.