The Misappropriation and Use of a Client's Funds by an Agent

question 18

Multiple Choice

The misappropriation and use of a client's funds by an agent is called:

• A) conversion
• B) commingling
• C) secret profit
• D) misrepresentation

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Definitions:

Buoyancy

The force that causes objects to float in a fluid by displacing a volume of fluid whose weight equals the object's weight.

Adaptation

The process by which organisms become better suited to their environment through genetic changes over generations.

Gravity

The natural force of attraction exerted by a celestial body, such as Earth, upon objects, drawing them toward its center.

Animal Movement

The various motions accomplished by animals as a result of muscle contraction.