What Is the Duty of Accounting an Agent Owes to a Principal,and

question 95

Essay

What is the duty of accounting an agent owes to a principal,and how would an agent satisfy that duty? Specify what actions an agent must take with regard to the accounts of a principal.

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Definitions:

Market-oriented Era

is a period in business history where companies prioritize understanding and meeting the needs and wants of consumers in their strategies.

Just After World War II

A period following the end of World War II, marked by significant social, economic, and political changes worldwide, often dating from 1945 to the late 1940s.

Sharing Information

The exchange of data, knowledge, or insights between individuals, organizations, or systems to facilitate decisions or strategy development.

Retail Franchise Food Store

A food retail business that operates under a franchising agreement, allowing it to use the branding, business model, and supply chain of the franchisor.