When a Partner Makes an Honest Mistake (And Does Not

question 20

Multiple Choice

When a partner makes an honest mistake (and does not commit negligence) while working on behalf of the partnership :

• A)Both the partner and the partnership are excused from liability.
• B)The entire firm is liable if third parties are involved.
• C)The other partners are equally liable.
• D)The partner who made the mistake is liable if third parties are involved.

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Definitions:

Job Evaluations

The systematic process of determining the relative worth of jobs within an organization in order to establish a fair and equitable wage and salary structure.

Appeal Mechanisms

Formal processes within organizations that allow employees to contest decisions or policies that they feel negatively affect them.

Job Evaluation Process

A systematic method for determining the relative worth or value of a job in relation to other jobs within an organization, typically considering factors such as complexity, responsibilities, and qualifications.

Pay Equity

The concept of ensuring that employees are compensated equally for work of equal value regardless of gender, race, or other unrelated factors.