A Principal Need Not Compensate His Agent If

question 19

Multiple Choice

A principal need not compensate his agent if:

• A)there was no agreement on the amount of compensation the agent was to receive.
• B)the agent has committed a breach of a fiduciary duty.
• C)there is no market price for the agent's services.
• D)the agent is a special agent.

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Definitions:

Multiple-Act Criterion

Term for a general behavioural index based on an average or combination of several specific behaviours.

Subjective Norm

The perceived social pressure to perform or not perform a particular behavior, based on the expectations of others.

Specific Measures

Detailed and precise metrics or criteria used for evaluating or assessing particular aspects or phenomena.

Theory of Reasoned Action

A psychological theory that proposes that an individual's intention to engage in a behavior is a primary determinant of whether they will actually do so, influenced by their attitudes and subjective norms.