MGMT 101 Final Chapter 14, 15, 16, 17, 22, 23 STUDY GUIDE

MGMT 101 Final Chapter 14, 15, 16, 17, 22, 23 STUDY GUIDE -...

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MGMT 101, SPRING 2010 CHAPTERS 14, 15, 16, 17, 22 and 23 STUDY GUIDE FOR FINAL a. Diane, a shoe salesperson for a retail store. b. Tim, a real estate broker for a large real estate company. c. Craig, a telephone marketing employee. d. All the above. a. Yes, under the equal dignities rule. b. Yes, provided the agent discloses to both principals that she is representing both persons and the principals agree to the dual relationship. c. No, dual agency relationships are per se illegal. d. No, this would be power coupled with an interest. a. Consideration. b. Fiduciary relationship. c. Consent of the parties to act as agent or principal. d. Control of principal over agent's conduct. a. is liable to Marsha for damages if she misses an opportunity to go on such a cruise because Howard terminated the agreement when he did not have the power to do so. b. is not liable to Marsha because he was a gratuitous agent and had both the power and the right to quit any time he wanted. c. is liable to Marsha for damages because Howard terminated the agreement without the right to do so. d. is liable to Marsha for breach of the duty to cooperate. a. hired to contract for a booth at a trade show scheduled to occur in two years. b. selling real estate for the principal. c. authorized to enter into a two-year lease for her principal. d. All the above are correct. 1 of 12
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a. Frank's is probably liable under the doctrine of respondeat superior. b. Frank's is not liable for the negligent torts of its agents. c. Chuck can probably recover damages from both Frank's and Mike. d. Frank's is probably not liable because Mike's excursion was not within the scope of his employment. a. Yes. The bracelet was given to Janet personally and intended for her. b. Yes, but only if she discloses the gift to Esday and Esday consents to her keeping the bracelet. c. No. An agent is not allowed under any circumstances to personally profit as a result of the agency relationship. d. No. The bracelet is regarded as an unfair trade practice and violates antitrust law. a. Nikki has not breached a fiduciary duty to HBR since her consulting is done after her work for HBR. b. Nikki has not breached a fiduciary duty to HBR since her behavior does not reflect badly on the accounting firm. c. Nikki has not breached a fiduciary duty to HBR since Nikki has a contractual relationship with her clients, not her employer. d. Nikki has breached a fiduciary duty to HBR since she is competing with HBR. a. during working hours. b. during off-duty time. c. during both working hours and off-duty time. d. only by public officials. a. The contract is void since the agency terminated May 29. b. The contract is valid since the agency’s purpose was achieved before Jenna was notified of Mrs. O'Leary's death. c.
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This note was uploaded on 04/27/2010 for the course MGMT 3620 taught by Professor Ryan during the Spring '10 term at California State University , Monterey Bay.

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MGMT 101 Final Chapter 14, 15, 16, 17, 22, 23 STUDY GUIDE -...

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