When a Board Is Operating in the Fiduciary Mode, It

question 33

Multiple Choice

When a board is operating in the fiduciary mode, it is concerned with the ______.

• A) implementation of new programs
• B) stewardship of the organization's assets
• C) achievement of the organization's long-term goals
• D) evaluating the chief executive officer's performance

---

Definitions:

Fixed Traits

Characteristics or attributes of an individual that are considered stable over time and not subject to change.

Fundamental Attribution Error

The cognitive bias of attributing other people's actions to their character or disposition, while attributing one's own actions to situational factors.

Psychological Contract Bias

The tendency for misunderstandings or misinterpretations to occur regarding the unwritten and unspoken expectations between employees and employers.

Hypocrisy Attribution Dynamic

A psychological pattern where individuals judge others as hypocritical without recognizing similar behaviors within themselves.