A Manager Hires an Agent to Obtain a License to Build

question 7

Multiple Choice

A manager hires an agent to obtain a license to build a warehouse in an industrial district. The agent was caught offering a bribe to a government official for issue of the license. Which of the following describes the manager's liabilities?

• A) The manager is not liable since the use of an agent absolves him of any responsibility.
• B) The manager is liable since the agent used part of his fees for bribery, although the manager was unaware of the agent's intentions.
• C) The manager is not liable if the agent can prove that extortion, rather than bribery, took place.
• D) The manager is liable if he was aware of the fact that part of the agent's fee would be used as a bribe.
• E) The manager is liable only if the act of building the warehouse at the given location is illegal.

Understand the concept of credit card finance charges and how to minimize them.

Analyze the implications of different payment plans and their associated finance charges.

Calculate the total finance charges on installment plans and loans.

Evaluate the terms of loans and payment plans to make informed financial decisions.

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Definitions:

Working Conditions

Refers to the environment, hours, and policies under which employees operate.

High Wages

Compensation that is significantly above the average pay rate for a particular job or industry, often reflecting high skill levels, performance, or the critical nature of the job.

Corruption

The use of illegal practices to further one’s business interests.

Illegal Practices

Activities that are prohibited by law and can include a wide range of offenses from fraud to environmental violations.