MGTU 310 Week 5 Quiz | Assignment Help | Brandman University
- brandman-university / MGTU 310
- 23 Apr 2021
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MGTU 310 Week 5 Quiz | Assignment Help | Brandman University
MGTU 310 Week 5 Quiz
• Question 1
A(n) _____ is one authorized to carry out all of the principal's business of a particular kind.
special agent
factor del credere
general agent
commission merchant
• Question 2
Which of the following statements best defines a power of attorney?
It is a written instrument indicating how a person's property is to be divided in the event of his or her death.
It is a written instrument indicating the appointment of an agent for the performance of certain tasks.
It is the power conferred by a court on a party to manage the financial affairs of another.
It is a document that confers the rights of ownership of certain property to another.
• Question 3
Which of the following is true when a person hires an independent contractor to perform some tasks?
The contract creates a principal-agent relationship.
The contractor is responsible for the proper performance of the contract.
The person hiring the contractor retains the right to control how the independent contractor performance the terms of the contract.
The person hiring the contractor is liable for any injuries the contractor causes to third parties.
• Question 4
Which of the following is a duty a principal has toward the agent?
A principal must provide the agent with a record of all monetary transactions.
A principal must obey routine instructions from the agent.
A principal must keep the agent informed of all financial activities.
A principal must reimburse the agent for expenses incurred during the agency.
• Question 5
Jack, as a disclosed agent for Mike, purchases two tons of wheat on credit from Bryan. According to the agency contract, Jack is entitled to make such purchases under Mike's name. However, Mike refuses to make payment. Which of the following is true?
Jack can make part-payment and thereby complete the sale.
Bryan can sue Mike for damages.
Jack can refuse payment to Bryan on the basis of an unauthorized sale.
Mike can sue Jack for wrongful purchase and terminate the contract.
• Question 6
When a contract can be terminated at any time by both an employer and an employee, the situation is known as _____.
employment without dependence
employment at will
employment at cost
employment without liability
• Question 7
Jim had a twelve month employment contract with his firm. However, he was fired during the tenth month of the contract period, and his employer failed to provide a valid reason for the termination. Which of the following is likely to occur?
The employer's right to dismiss his employees without a valid reason will be upheld.
Jim can recover againsthis supervisor for his dismissal.
Jim can recover againsthis firm for wrongful dismissal.
A few months later, his employer can sue Jim for failure to perform adequately.
• Question 8
Which of the following is true of duties that an employee has toward the employer?
An employee has no duty of confidentiality regarding business matters.
An employee must work to advance the employer's interests.
All an employee's inventions belong to the employer.
A skilled employee must perform with exceptional skill.
• Question 9
While interviewing for a job, Jim at first refused to submit to a polygraph test requested by the employer. When the employer stated that Jim would not be hired without the polygraph, Jim submitted. Which of the following is likely to be true in this case?
The employer can get damages if the polygraph determines Jim lied during the interview.
The employer may legally discriminate against an interviewee on the basis of a polygraph.
Jim may recover against the employer for coercing him to take the test.
Jim cannot take action against the employer since he willingly agreed.
• Question 10
A _____ is any group given protection by antidiscrimination laws, such as groups based on race, color, religion, sex, or national origin.
disparate class
racial group
sectional group
protected class