An Agent Is Trying to Sell a House for $100,000

question 262

Multiple Choice

An agent is trying to sell a house for $100,000 for her principal. The principal will sell the house for as little as $80,000, but wants to get as much as possible. The agent tells her cousin to offer $81,000. The agent's actions are:

• A) a legitimate effort to get the deal done that will benefit everyone involved
• B) a violation of the duty of accounting
• C) a violation of the duty of notification
• D) unethical, but it does not violate legal duties
• E) none of the other choices

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Definitions:

Formal Approach

A structured method or procedure in management and organization, characterized by established rules and regulations.

HR Planners

Professionals within an organization who are responsible for developing strategies to meet future workforce needs, matching human capital to business objectives.

External Environment

The external forces, including economic, political, social, technological, and legal factors, that can influence an organization's activities and performance.

Human Resource Planning

The strategic approach to forecasting, planning, and meeting the current and future human capital needs of an organization.