Which of the following statements regarding employee/employer relationships is FALSE?
A written contract may or may not exist between employer and employee.
B. The employer has the power to control and direct the details of how work is to be performed.
C. There must be monetary compensation for an employer/employee relationship to exist.
D. An employee is someone in the service of another.
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When an AIMR?member who is presently employed by a firm undertakes any independent practice, he must do all of the following EXCEPT:
A. secure written permission from the employer.
B. remand a percentage (to be determined by the employee and employer) of the income earned back to the employer.
C. secure written permission from the outside firm.
D. disclose the identity of their employer to clients and prospective clients and the fact that they are performing independently of the employer.