Which of the Following Best Describes the Condition Under Which

question 22

Multiple Choice

Which of the following best describes the condition under which an agency relationship arises?

• A)when a principal contracts employees to work overtime.
• B)when a principal negotiates a new wage contract with a union.
• C)when a principal delegates decision-making authority to another party on behalf of the firm
• D)when shareholders vote to decline a dividend payment.

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Definitions:

Acculturation

The process by which individuals adopt the cultural traits or social patterns of another group.

Enculturation

The process by which individuals learn and adopt the values, customs, and social practices of their culture.

Assimilation

The process by which individuals or groups adopt the culture and norms of the dominant or surrounding society, often losing former cultural traits.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on relevant tasks or outcomes.