A salesperson can minimize exposure to costly misrepresentation and breach of warranty lawsuits if he/she:
A. thoroughly educates customers before making a sale.
B. offers opinions when the customer asks what result a product will accomplish.
C. never negotiates.
D. avoids win-win sales situations.
E. never sells the customer more than he/she wants.
Answer: A
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The allocation of net income and its impact on partners' equity balances should be disclosed on the
a. income statement. b. balance sheet. c. statement of partners' equity. d. work sheet.
Which of the following statements is true of contracts having fiduciaries?
A. A fiduciary is a provision in a contract that attempts to relieve one party to the contract from liability for the consequences of his or her own negligence. B. A fiduciary can lawfully enter an agreement by fully and fairly disclosing the conflict to his or her principal or beneficiary in advance. C. Any agreement that tends to induce a fiduciary to breach his or her fiduciary duties is considered legal. D. Agreements by fiduciaries that favor the interests of a third person at the expense of their principals' interests are considered legal.
Answer the following statements true (T) or false (F)
1. Ethical leadership can be defined as “the demonstration of normatively appropriate conduct through personal actions and interpersonal relationship, and the promotion of such conduct to followers through two-way communication, reinforcement, and decision making.” 2. Transactional leadership is based on inspirational motivation, idealized influence, individualized considerations and intellectual stimulation. 3. The principles of ethical power are purpose, perspective, patience, and persistence. 4. Transformational leaders create a long-term vision for the firm. 5. An inconsistent leader has strong ethical traits and behavior and can translate those traits to others.
What can teams do to prepare for conflicts?
What will be an ideal response?