A(n) ________ is the obligation partners owe to use the same level of care and skill that a reasonable person in the same position would use in the same circumstances
A) duty to perform
B) duty of care
C) duty to inform
D) duty of obedience
B
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Disclosures can be made either on the face of the financial statements in the form of classifications or in parenthetical notations and/or in the notes to the statements
a. True b. False Indicate whether the statement is true or false
Courtlyn’s company uses a local river for dumping. The company is aware that the chemical it dumps causes plant life in the river to die. However, the chemical is so new that no regulations have been written about it. It appears Courtlyn’s company is at the ______ level of corporate social responsibility.
A. legal B. ethical C. benevolent D. social
The signature of the drawer or maker of a negotiable instrument can appear anywhere on the
face of the document. Indicate whether the statement is true or false
Which of the following is not considered nonlinear programming?
A) nonlinear objective and nonlinear constraints B) linear objective with nonlinear constraints C) nonlinear objective with linear constraints D) binary decision variable with nonlinear constraints E) integer decision variable with linear constraints