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What is a transfer price? Why are transfer prices used?
Fiduciary Duty
A legal obligation of one party to act solely in the interest of another party, such as a trustee to a beneficiary.
Self-interest
The focus on one's own benefit or advantage, especially when pursued without regard for others.
Partnership Interest
The share or portion of the rights, profits, and losses in a partnership business allocated to a particular partner.
Management of Business
Involves overseeing the administration and strategic planning of a company or organization to ensure goals and objectives are achieved.
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