Partners in a partnership owe each other:

a. direct interest responsibility
b. a duty to contribute direct assets c. a fiduciary duty
d. a duty of ordinary care
e. none of the other choices


c

Business

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The students of a university criticize the institution because all the decisions regarding events and fests are made by the dean and the students have to turn to him to make even small decisions. Here, the students criticize the university because it relies on _____

Fill in the blank(s) with the appropriate word(s).

Business

Jack's gross pay for the week is $1400. His year-to-date pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Jack's year-to-date pay has previously exceeded the $7000 cap. What is the total amount of payroll taxes that Jack's employer must record as payroll tax expenses? (Do not round your intermediate calculations. Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)

A) $86.80 B) $58.80 C) $20.30 D) $107.10

Business

Using liquidated damage clauses in delivery contracts is an example of mitigating strategy for ______.

A. security risks B. failure to deliver the needed services on time C. failure to realize the expected cost savings D. market risks

Business

A(n) ________ system is one where pay increases come with certification of new abilities.

A. task-based B. work-based C. multiskill-based D. assignment-based E. job-based

Business