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Ethics Question - Please answer and I will stop studying

I alway get this confused and want to make sure I have this right....

If a client offers you additional compensation for achieving some set results each....you notify in writing to the employer...however, dont have to get approval.

If you work at a firm as PM and want to take on additional independent clients while still working at your current firmm, you MUST receive written approval from all parties involved.

correct?

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