Which of the Following Is True Regarding an Agent Who

question 26

Multiple Choice

Which of the following is true regarding an agent who is acting for an undisclosed principal?

• A) The agent will bind both himself and the principal on most contracts.
• B) The third party will never be bound in a contract with the principal.
• C) An undisclosed principal will bind only himself and not the agent.
• D) Failure to disclose the name of the principal is a form of fraud.

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Definitions:

Job Satisfaction

The level of contentment employees feel with their job roles, responsibilities, and work environment, which can affect their performance and commitment.

Ethical Issue

A situation or decision that involves a conflict between the perceived correctness of different moral imperatives or ethical principles.

Valued Rewards

Benefits, both tangible and intangible, that are given to employees as recognition for their contributions and performance.

Job Satisfaction

A positive emotional state resulting from the appraisal of one's job or job experiences, contributing to performance and retention.