Chapter 17 - CHAPTER 17MANAGEMENT OF EMPLOYEE CONDUCT:...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: CHAPTER 17MANAGEMENT OF EMPLOYEE CONDUCT: AGENCY TRUE/FALSE 1. A salesclerk is an agent of a store. ANS: T NAT: AACSB: Analytic TOP: types of agents 2. In a master/servant relationship, the principal exercises little control over the agent. ANS: F NAT: AACSB: Analytic TOP: master/servant 3. An independent contractor is not controlled directly by the principal. ANS: T NAT: AACSB: Analytic TOP: independent contractor 4. The Restatement of Agency has been adopted in all states. ANS: F NAT: AACSB: Analytic TOP: Restatement 5. Express authority must be in writing. ANS: F NAT: AACSB: Analytic TOP: express authority 6. An agency contract must be evidenced by a record to be valid. ANS: F NAT: AACSB: Analytic TOP: creation 7. An agency at will is a relationship in which there is no definite ending date. ANS: T NAT: AACSB: Analytic TOP: creation 8. Personnel manuals have been held to constitute an employee contract. ANS: T NAT: AACSB: Analytic TOP: employee-at-will 9. The public policy exception to employment at will does not afford protection for whistle-blowers. ANS: F NAT: AACSB: Analytic TOP: whistle-blower 10. In an agency relationship, both the principal and agent must have legal capacity. ANS: F NAT: AACSB: Analytic TOP: creation 11. An unincorporated association is a group that acts as an entity but has no legal existence. ANS: T NAT: AACSB: Analytic TOP: capacity 12. Implied authority is the extension of express authority by custom. ANS: T NAT: AACSB: Analytic TOP: authority 13. The ability of a clerk in a store to accept payment for goods is an example of implied authority. ANS: T NAT: AACSB: Analytic TOP: authority 14. Apparent authority and agency by estoppel are the same thing. ANS: T NAT: AACSB: Analytic TOP: authority 15. A principal cannot ratify an act of an agent retroactively. ANS: F NAT: AACSB: Analytic TOP: ratification 16. Ratification requires full knowledge of the transaction. ANS: T NAT: AACSB: Analytic TOP: ratification 17. In a master/servant relationship, the principal is liable for the torts of the agent committed within the scope of employment. ANS: T NAT: AACSB: Analytic TOP: master/servant 18. A principal is not liable for an accident caused by its delivery person. ANS: F NAT: AACSB: Analytic TOP: tort liability 19. A real estate agent who fails to disclose his interest as a buyer to his seller principal has violated his duty of loyalty. ANS: T NAT: AACSB: Analytic TOP: fiduciary duties 20. There is no liability of employers for the acts of independent contractors. ANS: F NAT: AACSB: Analytic TOP: independent contractor 21. Principals and agents have a fiduciary relationship. ANS: T NAT: AACSB: Analytic TOP: fiduciary duties 22. To create an agency relationship, both the principal and agent must have capacity....
View Full Document

This note was uploaded on 11/06/2010 for the course AA GM520 taught by Professor Aa during the Spring '10 term at DeVry Chicago.

Page1 / 17

Chapter 17 - CHAPTER 17MANAGEMENT OF EMPLOYEE CONDUCT:...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online