Which of the Following Is True Regarding the Status of an Agent

question 31

Multiple Choice

Which of the following is true regarding the status of an agent as a fiduciary?

• A) Although the principal is a fiduciary, an agent is not a fiduciary.
• B) An agent is a fiduciary only if the principal and agent agreed by written contract that the agent is a fiduciary.
• C) An agent is a fiduciary only if the principal and agent agreed by written or oral contract that the agent is a fiduciary.
• D) An agent is only a fiduciary to the principal only if a transaction in excess of $10,000 is involved.
• E) An agent is a fiduciary to the principal.

Understand the implications of reinforcement schedules and the effects of partial reinforcement on behavior.

Understand the concept of silent trade and its contexts.

Recognize labor division principles in pastoral nomadic societies.

Comprehend the nature and significance of generalized reciprocity.

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Definitions:

Vienna

Capital and largest city of Austria, known for its cultural events, imperial sites, coffee houses, cozy wine taverns, and the very special Viennese charm.

Private Armies

Militarized forces maintained by individuals, corporations, or non-state groups, not officially affiliated with or recognized by national governments, often employed for security or combat purposes.

Standing Armies

Standing armies are permanent, professional armies maintained in times of peace as well as war, differing from temporary armies raised during specific conflicts.

Kings

Hereditary monarchs who rule over a kingdom, often considered the highest authority within a monarchical system and symbols of national unity.