In Which Two of the Following Circumstances Might an Employee

question 5

Multiple Choice

In which two of the following circumstances might an employee be treated as owing fiduciary duties to the employer?

• A) Where the cleaning supervisor at a bank is given the key to the bank vault containing safety deposit boxes.
• B) Where a car mechanic is given special training in repairing batteries in electric cars, and shortly after the training is complete, leaves to set up her own business.
• C) Where an employee has been hired to help to develop safety guards for cricketers, and without the agreement of his employers markets his own safety guards on e-bay.
• D) Where an employee uses his employer's telephone number to select National Lottery tickets and wins £14million.

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Definitions:

March

A month of the year falling between February and April.

February

The Gregorian calendar's second month.

Administrative Expense

Administrative expense refers to the costs associated with the general operation of a business, such as salaries of non-production staff, rent, and utilities.

Finished Goods

Completed products that are ready for sale but have not yet been sold to customers.