An impartial agent is:
A)a shareholder in a firm
B)a subsidiary of the firm itself
C)someone who acts on the owners' (shareholders') behalf
D)a manager within the firm who supports his/her employees above all else
E)someone who acts in their own best interest instead of the owners' best interest

Question

Quizplus · Accepted Answer

An impartial agent is someone who acts on the owners' (shareholders') behalf without any bias towards any particular employee, manager, or other stakeholder in the firm. They are expected to act in the best interest of the owners, not their own or any other party's interest. In this sense, an impartial agent can be a board member, a consultant, or any other individual service provider who is not tied to the firm or its management.

An Impartial Agent Is