When Is a Gratuitous Agent Liable for Failing to Perform

question 69

Multiple Choice

When is a gratuitous agent liable for failing to perform as promised?

• A)Never
• B)If her promise relates to her duty of loyalty to the principal and despite her duty of loyalty,she chooses not to perform as promised.
• C)If her promise causes the principal to rely upon her to perform certain acts and the principal suffers losses because he refrained from performing those acts.
• D)Always

Differentiate between various job evaluation systems and their purpose.

Understand the concept and importance of equity in compensation, including internal, external, and pay equity.

Recognize the relevance and impact of collective bargaining agreements on compensation.

Grasp the objective of wage and salary surveys and their role in achieving external equity.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; in psychology, it often relates to the sense of control or agency over one's actions and life.

Relatedness

The feeling of being connected or related to others, which is essential for fostering social bonds and personal relationships.

Existence Needs

Basic physical and material well-being necessities like food, shelter, and safety that individuals require.

Growth Needs

Psychological requirements that drive personal development, self-improvement, and the fulfillment of one's potential.