Partners in a Partnership Owe Each Other

question 222

Multiple Choice

Partners in a partnership owe each other:

• A) direct interest responsibility
• B) a duty to contribute direct assets
• C) a fiduciary duty
• D) a duty of ordinary care
• E) none of the other choices

Comprehend the role of non-verbal and paraverbal cues in communication.

Understand the importance of media richness in communication.

Grasp the concept of synchronous and asynchronous communication.

Understand the impact of social norms on professional communication.

---

Definitions:

Stakeholders

Individuals or groups with an interest, involvement, or investment in a project, organization, or business, and who can affect or be affected by its outcomes.

Interests

The desires, concerns, or needs that motivate individuals in decision-making or negotiation.

Ownership

The legal right or state of having full control and possession over property, assets, or an entity.

Ethics Competency

The ability to recognize ethical issues, make reasoned ethical judgments, and implement decisions in a manner consistent with established ethical standards.