MrSnarey Devised and Conducted a Fraudulent Scheme While Working as an Agent

question 86

Multiple Choice

Mr.Snarey devised and conducted a fraudulent scheme while working as an agent of Mutual Life.What would the likely result be?

• A)Neither the agent nor the company could be liable,because Snarey was only an agent,and the company had no actual knowledge.
• B)Only the agent was liable,because the action taken was dishonest and therefore outside the scope of the agency relationship.
• C)Since Snarey was an agent with authority to enter into this general type of transaction,the company was vicariously liable for his conduct.
• D)The company could be liable only if it were shown Snarey was an employee acting under the direction of a superior.
• E)The doctrine of caveat emptor was applied.

Calculate the minimum acceptable price for selling or purchasing products based on relevant costs.

Evaluate the profitability of using existing resources versus obtaining new resources.

Understand the role of sunk costs, opportunity costs, and avoidable costs in financial decision-making.

Determine the optimal product mix in situations of limited resources using contribution margin analysis.

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Definitions:

Normalizing Discourses

The ways in which societies establish norms and standards through language and practices, often used to maintain power structures.

Good Mothering

The practices and behaviors considered desirable or appropriate for mothers in nurturing, raising, and caring for their children, often culturally defined.

Good Fathering

The practice of being an engaged, responsible, and nurturing parent, contributing positively to the developmental needs of one's children.

Feminist Theory

An approach that aims to understand the nature of gender inequality, examining women's social roles and lived experience.