An agency will be terminated in all but which one of the following situations?
A)The principal and agent agree on an agency relationship to sell a boat, and the boat is sold.
B)A travel agent files for individual bankruptcy under Chapter 13.
C)The agent violates his duty of loyalty.
D)An electrician, an agent of a contractor, has her license revoked.
B
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Andrew is experiencing a conflict with Andrea and she has sent him an inflammatory e-mail regarding that conflict. His first reaction is to send a return e-mail in which to tell her all the negative feelings her e-mail brought up about the conflict. Andrew decides it is better to wait a little while and “cool-off” before replying. Andrew can do this because he and Andrea are in different places and because of the nature of online interaction, which is which of the following?
A. synchronous B. impersonal C. neutral D. asynchronous
Milton Friedman would have agreed with which of the following statements about social responsibility?
a. A company will produce higher quality products when it practices social responsibility. b. A company will increase its sales when it practices social responsibility. c. A company will be able to create better jobs when it practices social responsibility. d. A company will become distracted from its task to maximize profits when it practices social responsibility. e. A company will provide improved value when it practices social responsibility.
Harvard Professor Lynn Paine proposed a “moral compass” through which managers can explore the moral dimensions of their own decisions. Which of the following statements is a “lens” included in the moral compass framework?
A. Is this decision fair to all stakeholders in the organization? B. Is the action worthwhile? C. How did the organization react to similar cases in the past? D. Do you have self-interest that might compromise your judgment?
Pamela hired Lena to sell her business. Lena:
a. can buy the business as long as the price is fair. b. can buy the business as long as she qualifies for financing. c. can buy the business only with Pamela's permission. d. cannot buy the business under any circumstances.