Match the Following: A.A Principal's Obligation to Compensate an Agent for Loss Whenever

question 12

Essay

Match the following:
a.A principal's obligation to compensate an agent for loss whenever the agent makes a payment or incurs an expense while acting on behalf of the principal.b.Holding a person liable as a principal in order to protect third parties who justifiably rely on a reasonable belief that a person is an agent.c.A consensual relationship authorizing one party to act for and on behalf of another party.d.Responsibility of an agent to keep and render to the principal a record of money or other property received or paid out on the principal's behalf.e.The requirement that an agent act with reasonable care and skill in performing the work for which she is employed.f.The formal,written appointment of an agent.g.Person who agrees to do a particular job and who is not subject to the other's control over the manner and means of conducting the work.h.A duty that arises out of a relationship of trust and confidence that is one of utmost loyalty and good faith.i.A form of liability without fault in which the principal is held liable for the agent's unauthorized tort.j.Authority that is either express or implied and that depends upon consent manifested by the principal to the agent.k.A principal of whom a third party has no knowledge,because he has no reason to believe the agent is acting for a principal.l.An irrevocable agency relationship.m.Power arising from words or conduct of the principal which manifests to a third person that the agent has actual authority and upon which the third person justifiably relies.n.A principal that a third party knows exists but does not know who it is;partially disclosed.o.The confirmation or affirmance by one person of a prior unauthorized act that another has done as his agent.
-fiduciary duty

Apply knowledge of documentation standards and formats (e.g., SOAP, DAR, PIE) in clinical settings.

Address staffing needs based on unit acuity levels in a management role.

Understand and adhere to guidelines for handling and disposing of patient information safely and ethically.

Recognize the importance of accurate and comprehensive charting to facilitate quality patient care and legal protection.

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, where the investment is recorded at cost and adjusted for the investor's share of the investee's profit or loss.

Realised Profit

Profit that has been made from completed transactions as opposed to estimated gains based on the current market valuation.

Investment in Associate

Investment in another entity where the investor has significant influence over the investee but does not control or jointly control it, usually represented by ownership of 20% to 50% of the voting stock.

Share Capital

The funds raised by a company through the issuance of shares to investors, representing the equity stake of shareholders.