Agents breach their duty of loyalty by buying for the principal from themselves even if they charge a fair price. Which of the following common law duties of an agent does this violate?
A. Duty to account for funds and property
B. Duty of loyalty
C. Duty of indemnification
D. Duty to obey instructions
Answer: B
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What idea, coined by Sapir and Whorf, describes language as something we use to create and participate in social reality?
a. linguistic relativity hypothesis b. maxim principle c. mediated communication literacy theory d. social constructionism
Which of the following variables can be included in the objective function of a goal programming model?
a. Functional variables b. Deviational variables c. Priority variables d. All of the above
Which of the following statements best defines a power of attorney?? A) It is a written instrument indicating how a person's property is to be divided in the event of his or her death
B) It is a written instrument indicating the appointment of an agent for the performance of certain tasks. C) It is the power conferred by a court on a party to manage the financial affairs of another. D) It is a document that confers the rights of ownership of certain property to another.
Which financial statement below summarizes a company's earnings?
A. Statement of Cash Flows B. Balance Sheet C. Cash Flow Forecast D. Profit & Loss Statement