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

question 87

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 in regards to accounts of a principal.

---

Definitions:

Charismatic Leadership

A leader’s use of personal abilities and talents to have profound and extraordinary effects on followers.

Situational Leadership Model

A leadership theory that proposes the effectiveness of leadership styles varies depending on the readiness and behavior of the people being led and the specifics of the situation.

Telling Style

A communication approach characterized by explicitly instructing or directing others in what they should do.

Task Behavior

A leadership style characterized by clear explanations of tasks, directions, and expectations to ensure that goals are understood and accomplished.