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Juan's Waffles recently held a series of focus groups to gather information on employee perceptions of women and minorities in the workplace. In particular, Juan's was interested in learning about the myths, values, and beliefs that currently exist in their organization. This is an example of
Fiduciary Duty
An obligation to act in the best interest of another party, usually in financial or trust relationships.
Utmost Good Faith
A duty to act in the best interests of another; such duty may arise between directors and officers and the corporation they serve, between business associates including senior employees and their employer, between agents and their principals, and between partners; also called fiduciary duty.
Common Law
A system of law based on precedent and customs, originating in England and used in countries that were once part of or influenced by the British Empire.
Limited Liability
A legal principle where an investor's financial liability is limited to a fixed sum, mostly the value of an individual's investment in a company or partnership.
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