In the Principal-Agent Relationship, the Agent Is

question 19

Multiple Choice

In the principal-agent relationship, the agent is

• A)the owner of a resource that has hired another party to act on his behalf.
• B)the person who is placed in control over resources that are not his own, with a contractual obligation to use these resources in the interests of some other party.
• C)the person who is placed in control over resources that are not his own and agrees to compensate the resource owner in the event of outcomes that do not satisfy the resource owner.
• D)the person who places his resources in professional hands in exchange for the professional's promise to act on the resource owner's behalf.

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Definitions:

Qualified People

Individuals who meet the necessary standards and qualifications for a job, project, or activity, based on their skills, experiences, and education.

Extroverted

A personality trait characterized by being outgoing, sociable, and energized by interactions with others.

Agreeable

A personality trait characterized by a tendency to be pleasant, cooperative, and harmonious in interactions with others.

Conscientious

Characterized by the desire to do one’s work or duty well and thoroughly.