Principals Are Obligated to Compensate Agents in a Timely Manner

question 12

True/False

Principals are obligated to compensate agents in a timely manner and to reimburse agents for reasonable expenses incurred while acting for the principal.

---

Definitions:

Conforming Norm

A rule or standard of behavior that individuals in a society are expected to follow in order to fit in or be accepted by the group.

Expressed Attitudes

Opinions or stances that individuals openly communicate to others through verbal or non-verbal means.

Voluntary Adherence

The act of willingly following or committing to a policy, rule, or guideline.

Reference Group

Kelley’s term for a group that is psychologically significant for our behaviour and attitudes.