Which of the Following Statements Is True of Delegation of Duties

question 15

Multiple Choice

Which of the following statements is true of delegation of duties?

• A) A promisor who delegates duties is not liable to the promisee if the party to whom the duties were delegated fails to satisfactorily perform them.
• B) If the duty to be performed could be performed fully by many different persons, it is delegable.
• C) All duties are delegable, like assignments.
• D) If performance depends on the personal skill, it can be delegated.

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Definitions:

Beta

A measure of a stock's volatility in relation to the overall market; a beta above 1 indicates higher than market volatility.

Expected Return

The predicted amount of gain or loss an investment is projected to generate, based on historical or anticipated rates of return.

Portfolio

An aggregation of financial holdings that includes stocks, bonds, commodities, cash, cash equivalents, closed-end funds, and exchange traded funds (ETFs).

Systematic Risk

The inherent risk that affects the entire market or a whole segment of the market, often influenced by geopolitical and economic factors.