An Agent Has a Duty to Keep and Make Available

question 17

True/False

An agent has a duty to keep and make available to the principal an account of all property and funds received and paid out on behalf of the principal.

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Definitions:

Yield Management

A strategy used in industries with fixed capacities, like airlines or hotels, to maximize revenue through dynamic pricing and inventory control.

Discount Rate

The discount rate applied in the evaluation of discounted cash flow analysis to calculate the current value of future cash flows.

Sold Rooms Percentage

A metric in the hospitality industry that represents the ratio of rooms booked to the total number of available rooms, indicating occupancy rate and hotel performance.