Agency Relationships Arise in Which of the Following Circumstances

question 34

Multiple Choice

Agency relationships arise in which of the following circumstances?

• A)Each partner is an agent of the partnership.
• B)Directors, officers, and employees of a corporation can be agents of the corporation for particular purposes.
• C)Agency can only be created by express contract.
• D)Agency can be created only by the principal telling someone that another person is their agent.
• E)Agency can be created by actual authority or apparent authority.

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Definitions:

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, and praise.

Intrinsic Motivation

Intrinsic Motivation is the internal drive to engage in activities for their own sake, for the pleasure and satisfaction derived from participation, rather than for some separable consequence.

Mastery Goal

An orientation towards learning, where the focus is on gaining new knowledge or mastering a new skill, rather than on demonstrating superior performance compared to others.

Psychological Needs

Fundamental human requirements that are essential for mental well-being, such as the need for love, esteem, and self-actualization.