Max,Jenny,and Craig Are Partners

question 21

Multiple Choice

Max,Jenny,and Craig are partners.They have purchased an elegant Victorian home and converted it into an office for their partnership.Craig decides to use the partnership's office to host some evening parties.Craig has a sideline business of arranging expensive gatherings and charging each person a handsome price to attend these "elite" parties.When Max and Jenny find out what Craig is doing,they demand that he pay them for the use of the property.How much money,if any,is Craig required to pay the partnership?

• A)Nothing.He is free to use partnership property for his own uses.
• B)Nothing,but he will be removed from the partnership for violating his fiduciary duty.
• C)He must turn over any profits he earned from this activity.
• D)He must pay the fair market value for the use of the house.

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Definitions:

Human Resource Estimating Techniques

Methods used to calculate the number and type of employees an organization will need to meet its objectives.

Strategic Human Resource Management

The proactive management of human resources aligned with the strategic goals of an organization to improve performance.

Human Resource Forecasting Techniques

Methods used to predict an organization's future HR needs to ensure the right number of people with the right skills are available when needed.

Qualitative Model

A model that employs descriptive or categorical data to understand patterns and relationships without relying on numerical data, often used in social sciences and market research.