Which of the Following Is True of the Duty of Agents

question 53

Multiple Choice

Which of the following is true of the duty of agents to the principal?

• A)The duty not to use or disclose confidential information terminates after the agency ends.
• B)When conducting the principal's business,an agent can deal with himself.
• C)Except for compensation,an agent should not profit from acting on behalf of the principal.
• D)A gratuitous agent does not have the same fiduciary duty as a paid agent.

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Definitions:

Accountable

Being responsible or answerable for one's actions or decisions, often within a professional or organizational context.

Transitional Matrix

A chart that lists job categories held in one period and shows the proportion of employees in each of those job categories in a future period.

Job Categories

Classifications of employment based on similar duties, responsibilities, and the level of skill or education required.

Outsourcing

Contracting with another organization (vendor, third-party provider, or consultant) to provide services.