Which of the Following Is Correct with Respect to an Agent's

question 178

Multiple Choice

Which of the following is correct with respect to an agent's performance of his duties?

• A) When an agent fails to act in the best interest of the principal and is an independent contractor, this is just cause for constructive dismissal.
• B) The agent must never take advantage of the third party.
• C) The agent may profit at the expense of the principal, if the agent comes into some previously unknown information.
• D) The principal need not reimburse the agent for any reasonable expenses incurred in the process of performing the agency responsibilities.
• E) The agent must never compete with the principal.

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Definitions:

Target

A specific group of consumers at which a product or marketing campaign is aimed, identified through certain characteristics like demographics, interests, or behaviors.

Volume Discounts

A pricing strategy that offers buyers a reduced price per unit in exchange for purchasing larger quantities of a product or service.

Retailer-Sponsored Cooperative

A group of independent retailers who band together to improve purchasing power and marketing efforts, often sharing a common branding.

Self-Service

A service delivery model where customers perform actions or access services on their own, without direct assistance from staff, such as in supermarkets or online platforms.