Which of the Following Is Incorrect with Respect to the Responsibilities

question 84

Multiple Choice

Which of the following is incorrect with respect to the responsibilities of partners to each other?

• A) Each partner owes the other partners a fiduciary duty.
• B) Partners are free to compete with the partnership providing they do it on their own time.
• C) Any information that one partner learns because of his position in the partnership must be used for the benefit of the partnership, not for personal use.
• D) Unless the partners have agreed otherwise, profits and losses are shared equally.
• E) Unless the partners have agreed otherwise, partners' expenses are to be reimbursed.

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Definitions:

Low Intensity

Referring to activities or situations that require a minimal amount of energy, effort, or concentration.

Emotion

An intricate mental state characterized by a personal experience, a bodily reaction, and a response shown through behavior or expression.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension, which can come from any event or thought that makes you feel frustrated, angry, or nervous.

Positive Situations

Circumstances or environments that create or enhance feelings of joy, satisfaction, or overall positivity.