Employer provided iphone has monitoring software installed?

It is necessary in my line of work to have a company provided phone as I'm on call for the customers that have my employer on site. We currently have the Iphone 5, and installed on it is MAAS 360, which is a monitoring program where they seem to be able to do all kinds of functions on my phone remotely anywhere in the world. I understand the reason for it, however the company phone goes with me everywhere I go since I'm "on call." Whether it is the bathroom, the bedroom, etc. Both of those locations are sensitive areas. I have to have the phone in reach in order to answer a customers phone call. Sometimes I can resolve the issue over the phone instead of going to the customers location.

My question is, can my employer who is utilizing the Maas 360 program, activate the camera which the Iphone 5 has two of them and/or the microphone on the phone at anytime?