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3 years ago

What is not a duty the agent owes the principal?

Business

1 answer:

Likurg_2 [28]3 years ago

7 0

Answer:

superior competence

Explanation:

Superior competence is a skill an agent is expected to display in a resonable manner in any situation.

An agent is a person appointed by the principal and one who links the principal to the third party while principal is someone who appoints an agent to act on its behalf.

An agent is not superior to the principal. In other words, an agent is expected to act reseanably at all times in accordance with the terms of his contract with the principal.

Some of the duties of an agent to his principal are

- reasonable care and skill

-duty not to delegate

-avoid conflict of interest

-act within the scope of powers and authority delegated to him

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If an individual investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock mark

sergejj [24]

Answer:

a. False

Explanation:

A "primary transaction" refers to the selling of new stocks and bonds for the first time towards the public. A great example of this is the "Initial Public Offering" (IPO) which allows "public share issuance."

On the other hand, a "secondary transaction" refers to the trading of investors among themselves. There is no involvement of the issuing companies here. So, this means that if an investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock market, the transaction doesn't directly involve the issuing company. This kind of transaction is then called "secondary."

So, this explains the answer.

8 0

2 years ago

Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for

Novay_Z [31]

Answer:

Joe's Pizza Parlor

The highest number of workers that Joe will hire if he must pay each one $35 a day is

4 workers.

If he wants to maximize his profits without satisfying customers' demand, Joe can choose to work with 2 or 3 workers. However, he can renegotiate the worker's wages downwards.

Explanation:

a) Data and Calculations:

Price of pizza = $5

Wage per worker = $35/day

Number of Workers 0 1 2 3 4 5

Pizzas Baked Per Day 0 12 18 24 30 32

Total revenue 0 60 90 120 150 160

Marginal revenue 0 60 30 30 30 10

Marginal cost of labor 0 35 70 105 140 175

Profit 0 25 20 15 10 -15

7 0

3 years ago

Why is there scarcity even in an affluent country like the united states?.

Law Incorporation [45]

Answer:

THERE ARE SCARCITY EVEN IN AN AFFLUENT COUNTRY LIKE THE UNITED STATES BECAUSE WANTS ARE LIMITED BUT NEEDS ARE UNLIMITED. SOME PEOPLE ARE POOR WHILE OTHERS ARE WEALTHY

7 0

2 years ago

While at the first meeting of a new networking group, the leader announces that everyone will be asked to stand and make a few r

Leya [2.2K]

Answer:

I will tell him

chin up

head high

pretend you are speakers to your friends

and ,you will do great

Explanation:

because if he thinks or imagine he is speaking to his friends he will do just fine

6 0

2 years ago

A company acquired an office building on three acres of land for a lump-sum price of $2,450,000. The building was completely equ

galina1969 [7]

Answer:

$735,000

Explanation:

The fair values of the assets may be used as a basis for determining the amount to be recorded for each of the assets.

This will be in a proportional manner such that the higher the fair value, the higher the actual cost assigned and vice versa to the asset.

Hence the amount to be recorded for the building

= 840,000 / (840,000 + 840,000 + 1,120,000) * $2,450,000

= $735,000

7 0

2 years ago