Examlex
What is an adjusted trial balance? Why is it prepared?
Conflict of Interest
A situation where an individual's personal interests could improperly influence the performance of their duties or decision-making.
Dual Agency
A real estate transaction scenario in which a single agent or broker represents both the buyer and the seller, creating potential conflicts of interest.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when managing another person’s assets, involving a relationship of trust and confidence.
Independent Contractor
An individual or entity contracted to perform work for another entity as a non-employee, responsible for their own taxes and benefits.
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