Constituents develop two different kinds of contracts with their agents. What are those two types of contracts?
What will be an ideal response?
The first is a behavior-contingent contract, in which the agent is primarily paid based on how they behave in the role, versus an outcome-contingent contract, in which the agent is primarily paid based on the type of results they achieve. Combined contracts that specify both behaviors and outcomes are also possible.
You might also like to view...
In ________, the variables and their relationships are stated in prose form
A) verbal models B) graphical models C) mathematical models D) technological models E) provisional models
Concerns over the quality of financial reporting have led, and continue to lead, to government initiatives in the United States. For example, the _____, among other things, established the Public Company Accounting Oversight Board (PCAOB), which is responsible for monitoring the quality of audits of SEC registrants. This Act requires the PCAOB to register firms conducting independent audits of
SEC registrants; establish or adopt acceptable auditing, quality control, and independence standards; and provide for periodic inspections of the registered auditors. a. Securities and Exchange Act of 1933 b. Securities and Exchange Act of 1934 c. Investment Advisors Act of 1940 d. Sarbanes-Oxley Act of 2002 e. Investment Company Act of 1940
Promissory estoppel is a contractual doctrine that includes the following considerations:
A) The courts use the doctrine of promissory estoppel to enforce unilateral promises. B) Under this doctrine the promisor reasonably expects that the promisee, in reliance on the promise, will be induced by the nature of the promise to take action or refrain from taking action and the promisee does so. C) The courts will not, under any circumstance, enforce promises that do not include all four of the elements of contract. D) None of these apply to promissory estoppel.
James wants to open a small store that offers only products, knowledge and advice for those who like to build Hot Rods, Street Rods, and refurbish classic cars. Which of the following types of stores would most likely support an effective launch of his business idea?
A. off-price retailer B. specialty store C. full-discount store D. general store E. warehouse club