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Scenario - Gregory Trout
Gregory Trout has just received a memo explaining that because of his department's success with the newly developed Trout,Inc. ,that his request for three new employees has been approved.Gregory now faces the challenge of working with the areas of human resource management in recruiting,selecting,training and maintaining effective employees.
-To select high-potential individuals for management positions,what is the best selection device that Gregory could use?
Agency Agreement
An agency agreement is a legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent.
Agents
Individuals or entities authorized to act on behalf of another person or entity in legal or business matters.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights.
Principal
In a legal context, the principal is the party who grants authority to an agent to act on their behalf in legal or financial matters.
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