If an Employee Is Required to Perform Duties for the Employer

question 5

Multiple Choice

If an employee is required to perform duties for the employer that necessitate the exercise of judgment and discretion and that result in the establishment of a contractual relationship between the employer and a third party, then the employee has the status of an agent even without a:

• A) formal contract of agency.
• B) deed of trust.
• C) stock purchase agreement.
• D) joinder agreement.

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Definitions:

American Capitalism

An economic system in the United States based on private ownership of the means of production and the creation of goods or services for profit.

Spheres of Influence

Areas in which one country or organization has significant cultural, economic, military, or political influence over another.

American Trading Interests

The economic motivations and activities involving the exchange of goods and services between the United States and other countries.

Self-Determination

The principle that a community or nation has the right to determine its own political status and pursue its economic, social, and cultural development independently.