A fundamental principle in the law of agency is that the principal–agent relationship
creates _____ duties between the parties.
Fill in the blanks with correct word
fiduciary
You might also like to view...
According to the Fisher hypothesis, if the real interest rate is 5 percent and the inflation rate rises from 2 percent to 4 percent, then the nominal interest rate will ____ percentage points and the real interest rate will change by ____ percentage points.
A. rise by 0; ?2 B. fall by 2; ?2 C. rise by 2; 0 D. fall by 1; 1
Which of these statements is not true?
a. Asset, liability, and stockholders' equity accounts are referred to as permanent accounts. b. Revenue, expense, and dividend accounts are described as temporary accounts. c. Temporary accounts are closed at the end of the period to retained earnings. d. The balance sheet will not balance until the temporary accounts are closed to retained earnings. e. With double-entry, each transaction is recorded twice.
A computer manufacturer is first divided into the following groups: Home Office/Personal Use, Small Business, Large Business, and Educational Institutions. Within each of these divisions, management is organized into finance, operations, marketing, and human resources. This company is organized first by ____, then by ____.
A. function; customer B. customer; function C. product; function D. product; customer E. customer; location
An unsafe labor condition that is common in many emerging nations is: A) blocked or locked exits
B) the use of antiquated and poorly maintained equipment. C) excessively long hours. D) all of the above.