A Principal Is Liable for Crimes of an Agent

question 23

Multiple Choice

A principal is liable for crimes of an agent:

• A) if committed at the principal's direction.
• B) if the agent is an employee and sells liquor to a minor without permission.
• C) if the agent in the course of employment violates environmental protection laws.
• D) all of the above.

Understand the conditions under which companies are likely to call their bonds.

Analyze the effects of market interest rates on bond prices and yields.

Evaluate the relationship between bond maturity, price volatility, and interest rate risk.

Understand the concept of yield to maturity and its significance for bond investors.

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Definitions:

Industrywide Bargaining

The process of negotiating labor contracts that cover all the workers in a particular industry, rather than just those in a single company or location.

Steel Workers

Individuals engaged in the production and fabrication of steel, often represented by labor unions advocating for their rights and better working conditions.

Intraorganizational Bargaining

The process of negotiation and decision-making within a union or between unions to settle on common strategies or positions.

Political Institutions

Structures and systems of government and governance, including legislatures, courts, and the executive branch, which create, enforce, and interpret laws.