A director must make a full disclosure of any potential conflict of interest that might arise in any corporate transaction.
Answer the following statement true (T) or false (F)
True
You might also like to view...
______ efforts can identify training needs that might go undetected or misdirected.
a. Observation b. Employee assessment c. Task analysis d. Data-driven
Briefly describe the situation of an agency relationship.
What will be an ideal response?
Alvin manages a service department of an automobile dealership which consists of 12 service advisers who report to him. Each service adviser meets with their own customers independently, and the contributions are summed for an overall customer rating of the dealership’s service department. Which of the following best describes the type of collective that Alvin manages?
A. work team B. work group C. collaboration D. assembly of individuals
Which of the following is true of general partnership?
A) A business should make a profit in order to qualify as a general partnership. B) The general partners need not be the co-owners of the business. C) General partnerships can be oral or implied from the conduct of the parties. D) Charity organizations and schools are mostly formed from general partnerships.