What Is a Fiduciary Duty

question 16

Essay

What is a fiduciary duty?

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Definitions:

Algorithms

A set of rules or a process followed in calculations or problem-solving, especially by a computer.

Intuition

The ability to understand or know something immediately, without the need for conscious reasoning; a 'gut feeling.'

Quick Decisions

The ability to make choices rapidly without extensive deliberation, often necessary in high-pressure or emergency situations.

Framing

The way information is presented to the user, which can influence decision-making and judgement.