Which of the Following Would a Risk Manager Indicate as Being

question 60

Multiple Choice

Which of the following would a risk manager indicate as being a key point with respect to managing agency relationships?

• A) Choosing to avoid conflicts of interests is an agent's duty.
• B) Choose wisely,instruct carefully,and review regularly.
• C) Fiduciary duties must be specified in the agency agreement.
• D) Fiduciary duties are automatically owed to the principal.

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Definitions:

Collaborates

The action of working with someone to produce or create something.

Inevitable

Something that is certain to happen and cannot be prevented.

Solution-based Counselors

Professionals who focus on identifying and implementing solutions, rather than analyzing the root causes of problems.

Miracle Question

A therapeutic intervention used to help clients envision how their life would change if a miracle happened and their presenting problems were solved overnight.