Which of the Following Is Correct with Respect to an Agent's

question 192

Multiple Choice

Which of the following is correct with respect to an agent's performance of his duties?

• A) The agent may profit at the expense of the principal if the agent comes into some previously unknown information.
• B) The agent must never take advantage of the third party.
• C) The agent must never compete with the principal.
• D) When an agent fails to act in the best interest of the principal and is an independent contractor, this is just cause for constructive dismissal.
• E) The principal need not reimburse the agent for any reasonable expenses incurred in the process of performing the agency responsibilities.

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Definitions:

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.

Hidden Prejudice

Prejudicial attitudes or biases that are not overtly expressed or are consciously recognized by individuals.

Stereotype

Widely shared and simplified evaluative image of a social group and its members.

Schema

Cognitive structure that represents knowledge about a concept or type of stimulus, including its attributes and the relations among those attributes.