Fiduciary duty in a partnership context best translates as:
A) You must put the other partners' interests ahead of your own.
B) Each partner must watch out for her own interests.
C) Every partner for himself.
D) You must act honestly
E) Both B and C
A
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Which of the following statements best defines an "organization"?
A) A social convention for accomplishing individual goals through group effort. B) A collection of formally organized social entities. C) A social invention for accomplishing common goals through group effort. D) A combination of people and physical capital designed to accomplish a common goal. E) A group which accomplishes common goals through social interactions and individual effort.
A checkoff arrangement
a. is an issue of major philosophical conflict between union and management. b. may not require the written authorization of an employee every year. c. could never be an advantage to the employer. d. None of the above.