Robert C Solomon and Fernando Flores | Building Trust

question 68

Multiple Choice

Robert C. Solomon and Fernando Flores | Building Trust
Against prior accounts that define trust as an inert "medium" in which human transactions take place, Solomon and Flores argue that trust is rather a dynamic aspect of human relationships. It is a social, relational practice rather than a mysterious substance or entity. The authors distinguish between simple, blind, basic, and authentic trust, concluding with the complexity of interaction needed to build up trust between individuals or businesses, and the powerful damage that even one lie can cause in betrayal.
-According to Solomon and Flores, trust means giving up ___________ because some power is transferred to the person who is trusted.

• A) understanding
• B) integrity
• C) control
• D) risk

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Definitions:

Capital Contribution

Funds or assets provided by investors or partners to a company or partnership to support its operations and growth.

Partnership Assets

Properties or resources owned by a partnership that are used for the purpose of carrying on the partnership business.

Successor's Liability

The legal responsibility of a successor entity to bear the liabilities of its predecessor under certain conditions.

Predecessor's Obligations

Legal duties or liabilities that a previous holder or owner of a position or property owes, which may be transferred to the successor.