In a Situation in Which There Is a Conflict of Interest

question 73

Multiple Choice

In a situation in which there is a conflict of interest between an agent who is authorized to make a certain transaction for a principal and the principal,the agent is allowed to:

• A)engage in self-dealing transactions if the principal and the third party are unaware of the transactions.
• B)compete with the principal regarding the agency business.
• C)act as agent for both parties to a transaction without disclosing the double role to both principals.
• D)act as a middleman and serve both parties to a transaction without notifying either principal.

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Definitions:

Reticular Activating System

A network of nerves in the brainstem that plays a key role in controlling arousal and the transition between sleep and wakefulness.

Sleep Deprivation

A condition resulting from insufficient sleep, which can impact mental, emotional, and physical health.

Usual Sleep Patterns

The typical sequence and timing of sleep stages and awake periods experienced by an individual over a 24-hour period.

Determinant

A factor or element that contributes to a particular outcome or condition.