A fundamental principle in the law of agency is that the principal–agent relationship

Your net worth, or your general level of financial worth, is found by

A) subtracting your expenses from your income. B) dividing your monetary assets by your current liabilities. C) subtracting your liabilities from your assets. D) dividing monthly debt (less a mortgage payment) by monthly income. E) subtracting current liabilities from monetary assets.

A physical fitness association is including the mile run in its secondary-school fitness test. The time for this event for boys in secondary school is known to possess a normal distribution with a mean of 460 seconds and a standard deviation of 40 seconds. The fitness association wants to recognize the fastest 10% of the boys with certificates of recognition. What time would the boys need to beat

in order to earn a certificate of recognition from the fitness association? A) 511.2 seconds B) 525.8 seconds C) 394.2 seconds D) 408.8 seconds