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:

Merit Pay

Links an individual’s salary or wage increase directly to measures of performance accomplishment.

High Performers

Individuals or groups known for achieving exceptional results and exceeding established standards in their field.

Low Performers

Individuals or employees who do not meet the established performance standards of an organization.

Skill-Based Pay

Rewards people for acquiring and developing job-relevant skills.